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5 Time Value of Money Questions: Find the present value of $16,000 nine years from now. The interest rate is 9%. Find the present value
5 Time Value of Money Questions:
Find the present value of $16,000 nine years from now. The interest rate is 9%. Find the present value of $9000 per year for 9 years with the first payment at the end of the first year at 14% interest. How long will it take to repay a 8% loan of $160,000 if $30,000 is paid at the end of each year. What would be the annual payment on a $350,000, 26 year loan at 13% interest. Find the value of a $1,000 bond paying $85 every six months and maturing 9 years from now if the current rate of interest is 11% compounded semiannuallyStep by Step Solution
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