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4 You are a highly reputed financial advisor in New York and several clients came to you with the following questions: a. b. C d
4 You are a highly reputed financial advisor in New York and several clients came to you with the following questions: a. b. C d A $10,000 investment today will amount to $12,653 in six years. What is the rate of interest? How many years will it take for $25,000 invested today @7.5% interest, to amount to $38,583? Ignats needed a new Covette and borrowed $85,000 to be repaid at 7.5% interest with a 24-month installment loan. What is his monthly payment? Dora Debit borrowed $120,000 @ 9% and agreed to make monthly payments of $3,816 to repay the loan. How many monthly payments must she make
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