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6. The amount of loan the Georgia United credit union should loan a developer who will repay the loan in a lump sum amount of

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6. The amount of loan the Georgia United credit union should loan a developer who will repay the loan in a lump sum amount of $840,000 three years from now at the banks interest rate of 10% is A. $631,092 B. $1,118,040 C. $763,644 D. $253,680 7. The value of your savings account today is $1000 and it earns interest at a rate of 1% per month. Which of the following will give the value of the account 3 years from now? A. F = 1000 (F/P, 1%, 3) B. F = 1000 (P/F, 1%, 36) C. F = 1000 (F/P, 1%, 36) D. F= 1000 (F/P, 12%, 3) 8. A company's cost model to produce x quantities of solar pumps for irrigation is given by: C = 2500 + 280x If the company produced 1000 pumps in year 1 and 1500 in year 2, the companies marginal cost in year 2 is closest to? A. $2500 B. $93.33 C. $280.00 D. $140,000

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