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Consider the following stream of cash flows: $500 paid today, $950 paid two years from today, and $775 paid three years from today. At an
Consider the following stream of cash flows: $500 paid today, $950 paid two years from today, and $775 paid three years from today. At an APR of 6.0% compounded every two months, what is the stream's present value? a. $2, 023 b. $1, 991 c. $2, 225 d. $1, 968 e. None of the above You purchase a condo in New Albany, Ohio for $250,000, make a down payment of $20,000, and finance the balance over 20 years with monthly payments and APR of 6.65% (compounded monthly), how much interest will you pay over the life of the loan assuming that you make all payments on time and do not pay the loan off early
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