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if you are not eligible to answer it please dont. finace expert going to do it. 2. A firm has $100,000 worth of bonds due
if you are not eligible to answer it please dont. finace expert going to do it.
2. A firm has $100,000 worth of bonds due in 10 years. It wants to make fixed annual deposits starting 1 year from now in order to retire the bonds at the end of 10 years. If it can earn 6% per year on deposits, how much must each deposit be? 3. You can a little short on your February vacation, so you put $1,000 on your credit card. You can only afford to make the minimum payment of $20 per month. The interest rate on the credit card is 1.5% per month. How long will you need to pay off the $1,000 Step by Step Solution
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