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if anyone could do it with the right numbers only with an explanation. 1. If you put up $45,000 today in exchange for a 6.25%
if anyone could do it with the right numbers only with an explanation.
1.
If you put up $45,000 today in exchange for a 6.25% 15-year annuity, what will the annual cash ow be? {Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.) Annual cash flow $ |:| Erindale Bank offers you a $54,000, six-year term loan at 8.0% annual interest. What will your annual loan payment be? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Annual loan paymentStep by Step Solution
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