Question
1. You borrowed some money at 8 percent per annum. You repay the loan by making three annual payments of $ 239 (first payment made
1. You borrowed some money at 8 percent per annum. You repay the loan by making three annual payments of $ 239 (first payment made at t = 1), followed by five annual payments of $ 419 , followed by four annual payments of $ 842. How much did you borrow?
2. I plan to deposit $ 322 into my retirement every year for the next 25 years. The first deposit will be made today (that is, at t = 0) and the last deposit will be made at the end of year 24 (that is, at t = 24). I plan to make no other deposits. Assuming that I will earn 12.49 % p.a. on my retirement funds, how much money will I have accumulated 36 years from today (that is, at t = 36)? (Round your answer to 2 decimal places; record your answer without commas and without a dollar sign).
3. The Milken Company is offering you an investment that promises you $10,000 at the end of 11 years if you invest $7,597 today. What is the annual return on this investment?
i need help step by step on a financial calculator please. for this 3 questions.
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