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Carlos wants to save $393,000.00 to buy a new sports car. He makes deposits of $2,948.78 every year into an investment account (at the start

Carlos wants to save $393,000.00 to buy a new sports car. He makes deposits of $2,948.78 every year into an investment account (at the start of each period) and it takes 36 periods to reach the target amount. What nominal interest rate i(2) does his investment account pay? (Answer to the nearest 0.1%.)

Stefano has a 12 year annuity due making annual payments that grow geometrically at the rate 1.250%. The first payment is $4250.00 and the interest rate is i(365) = 7.750%$. What is the present value of his annuity?

Given the following partial amortization table for a level pay loan:

Time K(t) I(t) PR(t) OB(t)
0
1 5,881.68 5,061.29 21,836.67
2
3
4
5

Compute OB(4)

Please help! I will vote up, thanks!

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