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3 1- .[l1 Points] I DETAILS I I MYNOTES II ASKYOURTEACHER I Find the periodic payments PMT necessary to accumulate the given amount in an
3 1- .[l1 Points] I DETAILS I I MYNOTES II ASKYOURTEACHER I Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. (Assume endofperiod deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $30,000 in a fund paying 7% per year, with monthly payments for 10 years PM: Submit Answer . [/1 Points] DETAILS MY NOTES ASK YOUR TEACHER Compute the specified quantity. Your total payment on a 3 year loan, which charged 7% annual simple interest, amounted to $50,260. How much did you originally borrow (in dollars)? (Round your answer to the nearest cent.) $|:| . [/1 Points] DETAILS MY NOTES ASK YOUR TEACHER Calculate, to the nearest cent, the future value FV (in dollars) of an investment of $10,000 at the stated interest rate after the stated amount of time. 2% per year, compounded annually, after 13 years M: . [/1 Points] DETAILS MY NOTES ASK YOUR TEACHER Find the effective annual interest rate r of the given nominal annual interest rate. Round your answer to the nearest 0.01%. 10% compounded monthly . [l1 Points] DETAILS MY NOTES ASK YOUR TEACHER Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest cent.) $40,000 borrowed at 8% for 9 years, with monthly payments mm
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