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A) You have accumulated $1,085.73 in credit card debt. Your interest rate is 18% per year and you will pay it off in 55 months.
A) You have accumulated $1,085.73 in credit card debt. Your interest rate is 18% per year and you will pay it off in 55 months. what will be your monthly payment?
B) A company has an opportunity to invest in a project which will earn $10,538 in 5 years, $13,508 in the year 11 and $17,559 in year 21. If their investor's required return is 8.23%, what is the most the company should pay for the project? (In other words, how much is the project worth today?)
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