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I need someone to explain how to answer this question in term of steps taken in the BA II Plus business analyst calculator, please and
I need someone to explain how to answer this question in term of steps taken in the BA II Plus business analyst calculator, please and thank you.
Question 3 25 out of 10 points Do not round intermediate calculations. Use 1000 separator and round your answer to 2 decimal places, e.g 1,032.16.) You borrow om NBT Bank Oneonta Financial Center to pay for your colege education at SUNY Oneonta. The bank lends you S8.000 at the beginning of each 9chool year over the four years. The interest rate e 4.25% per year If you decide to pay off your loans immediately when you graduate, how much will you pay at the graduation? $a NBT bank is very nice and it a ws you a graco period of three years aftergaduation to pay or all your loans charging a gracious into est fate of 2 75% du ng the giace period How much il you pay when the grace period ends? Because you've got an excelent job with a good salary. you are able to pay off the loan when the first year of the grace period passes How many dollars will you pay to the bank then? S[c You were an outstanding high school student and attracted the attention of an philanthropist who would ike to donate a lump sum of money at the beginning of your education to finance your loans How many dollars does he have to pay to the NBT bank so that his saving can exactly cover the loans as planned above? S[d]Step by Step Solution
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