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1. If a capital of $617,158 is invested at a simple annual interest rate of 9.8% for a term of 3.8 months. What is the
1. If a capital of $617,158 is invested at a simple annual interest rate of 9.8% for a term of 3.8 months. What is the amount that will be received at the end of the term?
2. On July 22, a loan of $180,000 was requested and they agreed to pay a simple annual interest of 26.5%. If you do not want to pay an amount greater than $195,000, what is the maximum term to pay off your loan? 1 year = 365 days
3. What is the nominal rate compounded quarterly at which an initial capital of $250,000 will grow to $350,000 in 3 years?
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