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5. I want to borrow $35,000 for 5 years to buy a new car. If the APR is 5%, calculate my monthly payment. 6. In

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5. I want to borrow $35,000 for 5 years to buy a new car. If the APR is 5%, calculate my monthly payment. 6. In how many years will my savings triple if I can earn 4% annual interest? 7. Calculate the present value of the following mixed stream at 4% opportunity Year cost. 1 2 3 Savings $1,500 $7,700 $1,200

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