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Angela owes $12,681.26. She has made arrangements to repay the debt in installments of $349.99 per month, and will be charged monthly interest of 1.28%
Angela owes $12,681.26. She has made arrangements to repay the debt in installments of $349.99 per month, and will be charged monthly interest of 1.28% on the overdue balance. How many months will it take her to repay the debt and interest? Assume end-of-month payments. How many months will it take Angela to pay off the debt? months (Round to the nearest whole number.) You are trying to calculate how much money you should have at retirement. On your 63rd birthday you will retire and immediately make your first withdrawal of $8,333.33. You plan to make 12 such withdrawals each year. You plan to continue withdrawing at that level and frequency until you are 77 years old. (Assume beginning of period withdrawals with the first withdrawal on your retirement date and no withdrawal on your final birthday.) During retirement your savings will earn only 3.8% per annum. How much do you have to have saved at retirement to fund these planned withdrawals? How much do you have to have saved at retirement to fund these planned withdrawals? (Round to the nearest cent.) The price of a stainless steel, freezer refrigerator is $3,018.29. To own the refrigerator, you must make beginning-of-month payments of $33.00 and one final lump-sum payment at the very end of the term in order to pay off the balance outstanding. The manufacturer offers a 60-month term at a rate of 6.3% APR. What is the buyout at the end of the term? The buyout at the end of the term is $ (Round to the nearest cent as needed.)
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