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1 2 . OHaganBooks.com is seeking a $ 2 9 0 , 0 0 0 loan to finance its continuing losses. One of the best

12. OHaganBooks.com is seeking a $290,000 loan to finance its continuing losses. One of the best deals available is offered by Industrial Bank, which offers a 10-year 3.5% loan. What would the monthly payments be for this loan?(Assume interest is compounded monthly. Round your answer to the nearest cent.)Relaunch to update :Need Help?Read ItSubmit Answe
13.[-/1 Points]DETAILSMY NOTESWANEFM72.R.041.ASK YOUR TEACHERPRACTICE ANOTHEROHaganBooks.com is seeking a $250,000 loan to finance its continuing losses. One of the best deals available is offered by Industrial Bank, which offers a 10-year 7.5% loan.OHaganBooks.com can afford to pay only $2,500 per month to service its debt. What, to the nearest dollar, is the largest amount the company can borrow from Industrial Bank? (Assume interest is compounded monthly.)Need Help?Submit Answe
14.[-/1 Points]DETAILSMY NOTESWANEFM72.R.045.ASK YOUR TEACHERPRACTICE ANOTHEROHaganBooks.com has just introduced a retirement package for its employees. Under the annuity plan operated by Sleepy Hollow, the monthly contribution by the company on behalf of each employee is $800. Each employee can then supplement that amount through payroll deductions. The current rate of return of Sleepy Hollow's retirement fund is 7.9%.Jane Callahan, the website developer at HaganBooks.com, plans to retire in 10 years. She contributes $1,000 per month to the plan (in addition to the company contribution of $800). Currently, there is $50,000 in her retirement annuity. How much (to the nearest dollar) will it be worth when she retires? (Assume interest is compounded monthly.)Need Help?Submit Answe
15.[-/1 Points]Read ItDETAILSMY NOTESWANEFM72.R.053.ASK YOUR TEACHERPRACTICE ANOTHERJane Callahan is quite pleased with herself; 1 year ago she purchased a $30,000 government bond paying 7.2% per year (with interest paid every 6 months) and maturing in 10 years, and interest rates have come down since then.The current interest rate on 10-year government bonds is 6.2%. If she were to auction the bond at the current interest rate, how much would she get? (Round your answer to the nearest cent.)
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