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8. Your company has received a $50,000 loan from an industrial finance company. The annual payments are $6,202.70. If the company is paying 9 percent

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8. Your company has received a $50,000 loan from an industrial finance company. The annual payments are $6,202.70. If the company is paying 9 percent interest per year. how many loan payments must the company make (round to nearest S1)? 9. You are ready to retire. A glance at your 401(k) statement indicates that you have $750.000. If the funds remain in an account earning 90%, how much could you withdraw at the beginning of each year for the next 25 years (round to nearest S1)? 10. If you wish to accumulate $200,000 in the child's college fund after 18 years, and can invest at a 7.5% annual rate, how much must you invest at the end of each year if the first deposit is made at the end of the first year (round to nearest $1)

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