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Hello, Having a bit of trouble with calculating these, any work shown can help me to sovle these in the future, Thank you! Q17) A

Hello, Having a bit of trouble with calculating these, any work shown can help me to sovle these in the future, Thank you!

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Q17) A loan has a stated annual rate of 18.03% . If loan payments are made monthly and interest is compounded monthly, what is the effective annual rate of interest? (1.5 points) Q18) You invest $4,278.00 at the beginning of every year and your friend invests $4,278.00 at the end of every year. If you both eam an annual rate of return of 4.26% , how much more money will you have after 13.0 years? (2 points) Q19) You currently have $887.00 in a retirement Savings account that earns an annual return of 10.59% . You want to retire in 47.0 years with 1,000,000. How much more do you need to Save at the end of every year to reach your retirement goal? (2 points) Q20) You currently owe $3,880.00 of your credit card that charges an annual interest rate of 20.71% . You make $166.00 of new charges every month and make a payment of $268.00 every month. What will your credit card balance be in three months? (2 points) Q21) You would like to retire in 28.0 years. The expected rate of inflation is 2.44% per year. You currently have a standard of living that requires $5,149.00 of monthly expenses. Assuming you want to maintain the Same standard of living in retirement, what are your monthly expenses expected to be the first year of retirement? (2 points) Q22) You purchases a house for $111,203.00 . You made a down payment of 20,000 and the remainder of the purchase price was financed with a mortgage loan. The mortgage loan is a 30 year mortgage with an annual interest rate of 6.87% . Mortgage payments are made monthly. What is the monthly amount of your mortgage payment? (2 points) Q23) A 1,000 par value bond that pays interest annually just paid $54.00 in interest. What is the coupon rate? (1.5 points)

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