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Assume for each compound interest scenario, below, that you making payments intolon an account. (Hint: Use the TVM Solver.) Round each answer to the nearest
Assume for each compound interest scenario, below, that you making payments intolon an account. (Hint: Use the TVM Solver.) Round each answer to the nearest cent. a. Given P = $0, p = - 0.034, m= 2, t = 16, PMT = $390, compute A= $ 12,512.94 b. Given A = $0, p = 0.029, m = 4, t = 9, PMT = $7.10, compute P = $ 255.26 c. Given A = $48,000, P = $0, r = 0.022, m = 365, t = 28, compute PMT = $ 4.68 Assume you have taken out a 21-year loan of $637,470 with an annual interest rate of 5.52%, compounded monthly. a. Determine the payment amount, to the nearest cent, on the given loan amount. Payment Amount = $ 4278.15 b. Detemine the outstanding balance, to the nearest dollar, after 12 years. Outstanding Balance = $ 595141
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