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h. You have just borrowed $180,000, and you agree to pay it back over the next 25 years in 25 equal end-of-year payments plus 13

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h. You have just borrowed $180,000, and you agree to pay it back over the next 25 years in 25 equal end-of-year payments plus 13 percent compound interest on the unpaid balance What will be the size of these payments? 1. What is the present value of a perpetuity of $1.500 per year discounted back to the present at 13 percent? J. What is the present value of an annuity of $1,300 per year for 10 years, with the first payment occurring at the end of year 10 (that is ten $1.300 payments occurring at the end of year 10 through year 19), given a discount rate of 14 percent? k. Given a discount rate of 5 percent what is the present value of a perpetuity of 51.400 per year the first payment does not begin until the end of year 102

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