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Ifyou deposit $3,000 at the end of each of the next 20 years into an account paying 10.5% interest, how much money will you have
Ifyou deposit $3,000 at the end of each of the next 20 years into an account paying 10.5% interest, how much money will you have in the account in 20 years? 4. 5. Dinero Bank offers you a $30,000, 7-year term loan at 8% annual interest. What will your annual loan payment be? 6. Matthew wants to take out a loan to buy a car. He calculates that he can make repayments of $4000 per year. If he can get a five-year loan with an annual interest rate of 7.5%, what is the maximum price he can afford to buy a car
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