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a Weston Holdings Ltd. loaned $3.5 million to subsidiary to build a plant in Winnipeg. No payments are required for two years, to allow the

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a Weston Holdings Ltd. loaned $3.5 million to subsidiary to build a plant in Winnipeg. No payments are required for two years, to allow the operations of the plant to become well established. The first monthly payment of $40,000 is due two years after the date the loan was received. If the Interest rate charged on the Intercompany loan is 9% compounded monthly, how long (measured from the date of the first payment) will it take the subsidiary to pay off the loan? (Do not round Intermediate calculations and round UP the number of payments.) It will take months The McGowans are arranging a $90,000 mortgage loan from their bank. The interest rate on the loan will be 7.9% compounded semiannually. What will the monthly payments be If the loan has a 20-year term? (Do not round Intermediate calculations and round your final answer to 2 decimal places.) PMT $2000 will be contributed to an RRSP at the end of every six months for 20 years. What effective rate of return must the funds in the plan earn if it is to be worth $250,000 at the end of the 20 years? (Do not round Intermediate calculations and round your final answer to 2 decimal places.) % effective rate f=10.27 The interest rate on a $30,000 loan is 7,5% compounded monthly. (Do not round Intermediate calculations and round your final answer to 2 decimal places.) What monthly payments are required to pay off the loan in eight years? PMT $

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