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1. (1 point) Mystia Green is considering the purchase of a house, which will cost her $450,000. She will borrow the entire purchase price and

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1. (1 point) Mystia Green is considering the purchase of a house, which will cost her $450,000. She will borrow the entire purchase price and make monthly payments over the next twenty years. The first payment is due next month, and the interest rate is 6.50% per annum (p.a.), compounded monthly She will owe \$ on the house immediately following the 121st payment. 2. (1 point) You want to have $15,000,000 in an account exactly 25 years from today. You will make equal quarterly payments of $25,000 beginning next quarter and ending in 25 years. The account earns 10.00% p.a., compounded quarterly. You must have $ in its account today. 3. (0.5 points) You wish to buy a car today for $50,000. You plan to put 10% down and finance the rest at a stated rate of 7.00% p.a. compounded monthly for five years. You will make equal monthly payments of $

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