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Is it correct ? D Question 4 0.5 pts You lend 8,802 to a small startup firm that promises to pay a fixed rate for
Is it correct ?
D Question 4 0.5 pts You lend 8,802 to a small startup firm that promises to pay a fixed rate for 8 years with no anticipated liquidation. You realize that if you move forward with this investment, you will reach 19.294 which is exactly what you need to buy the car you want. What is the rate that the startup is offering? Please type your answer as percentage (i.e. 4.2 and not 0.042). Do not type the % symbol. 10.31 HD Question 5 0.5 pts You decide to save 2,449 per year during the next 13 years in order to buy a very cool motorcycle. When you go to your Bank, they promise to extend a 7% rate. Assuming that the rate is fixed. How much money will you have in that account 13 years from now? 49,324.43 Step by Step Solution
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