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I nees an exact answer and a solution to each quesition please. Thanks. 2. Find the monthly interest gained in the following problem: Veronica owes
I nees an exact answer and a solution to each quesition please. Thanks.
2. Find the monthly interest gained in the following problem: Veronica owes a clothing store $700, but until she makes a payment, she pays 9% interest per month 3. Prorate the following expenses and find the corresponding monthly expense that the person pays: Xan pays $25 a week for food, $500 per month on rent, a semiannual car insurance premium of $800, and an annual health club membership fee of $900. 7. You want a future amount of $12500. How much should you invest in an account that earns 6% interest and compounds monthly to reach your goal in 10 years? 13. You have an opportunity! You have learned that your investment will be compounded monthly at 8% over a time period of 40 years. What would your monthly annuity payment need to be if you wanted to save $1,000,000? 13. You have an opportunity! You have learned that your investment will be compounded monthly at 8% over a time period of 40 years. What would your monthly annuity payment need to be if you wanted to save $1,000,000Step by Step Solution
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