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1) If you were to borrow 9,600 over five years at 0.14 compounded monthly, what would be your monthly payment? 2) your uncle promises to

1) If you were to borrow 9,600 over five years at 0.14 compounded monthly, what would be your monthly payment?

2) your uncle promises to give you $600 per quarter for the next five years. How much is his promise worth right now if the interest rate is 0.05 compounded quarterly

Please explain, thank you.

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