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2. An investment will pay $5,000 at the end of each of the next 3 years, $12.000 at the end of Year 4, $30,000 at

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2. An investment will pay $5,000 at the end of each of the next 3 years, $12.000 at the end of Year 4, $30,000 at the end of Year 5, and $50,000 at the end of Year 6. If other investments of equal risk earn 7% annually, what is its future value? Steps (9 points): Answer (1 point): Amortization Questions 3. You want to buy a car, and a local bank will lend you $18,000. The loan will be fully amortized over 3 years and the nominal interest rate will be 8.5%. A) What will be the annual loan payment (fixed payment - annuity amount)? Construct the Amortization table and complete it (14 points): Answer (1 point): 2 Page

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