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3. Assume that you want to save 25,000 EURO after 2.5 years. Today you will invest 8,500 EURO, the bank will give you 0.89% p.a.
3. Assume that you want to save 25,000 EURO after 2.5 years. Today you will invest 8,500 EURO, the bank will give you 0.89% p.a. What should be your monthly investment to save this money? (10 pts) Answer: 4. Suppose you launched a quarterly account today by investing 50,000 USD. At the end of each quarter (but at the beginning of the related month), you plan to add 25,000 USD to your funds. The bank will give you 2.032 percent interest per annum on your investment. So, what will be the total value of your money at the end of 6 years? (10 pts) Answer: 5. Assume that you, as a financial institution, will give loan to a customer for 58,850 EURO. This customer is able to pay the loan 276 EURO for 16 years. Then, what minimum interest rate should you charge to this loan condition per annum? (15 pts)
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