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Answer both questions. If only one is answered, I will downvote. Q13) Suppose you signed a contract for a special assignment over the next 14.0
Answer both questions. If only one is answered, I will downvote.
Q13) Suppose you signed a contract for a special assignment over the next 14.0 years. You will be paid $2,367.00 at the end of each year. If your required rate of return is 14.45%, what is this contract worth in today? (1.5 points) Q14) You need a loan to purchase new equipment. The loan will be paid off over 4.0 years with payments made at the end of every quarter. If the stated annual rate is 6.17% and quarterly payments are $316.00, what is the loan amount? (1.5 points)Step by Step Solution
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