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7. (0-5pts) You found a cookie jar with a bank note in it from 1900. The value in 1900 was $100 and the bank which

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7. (0-5pts) You found a cookie jar with a bank note in it from 1900. The value in 1900 was $100 and the bank which is still in existence promises to pay 3% per year compounded annually. What is it worth now? Put your function in cell H10. (Hint: Use the FV() function here.) =FVC (2022-1900) * O) 8. (0-5pts) You decided to take a mortgage with a balloon payment - it's a $100,000 at 6% annual interest compounded monthly for 20 years. The amount I have to pay (balloon) in 20 years is $10,000. What is the payment I can expect each month? Put your function in cell C11. (Hint: Use the PMT() function here and the balloon payment in J11 for FV argument value.) =PMT(

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