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Need help on all You borrow $1,000 from the bank and agree to repay the loan over the next year in 12 equal end-of-month payments

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You borrow $1,000 from the bank and agree to repay the loan over the next year in 12 equal end-of-month payments of $90. What is the effective annual interest rate on the loan? Your Answer: Answer Question 9 ( 2 points) A couple will retire in 30 years; they plan to spend about $69,274 a year in retirement, which should last about 40 years. They believe that they can earn 8 percent interest on retirement savings. How much do they need to have saved in 30 years in order to afford their retirement? A father is planning a savings program to put his daughter through college. His daughter is now 13 years old and he anticipates that he needs to save $61,490 for tuition, books and board when his daughter begins college. The daughter recently received $8,154 from her grandfather's estate which will also be used to help meet the cost of her education. Assume the father wishes to make 5 equal deposits to a money market account paying 8 percent interest compounded annually. He will make his first deposit one year from today and his last deposit the day she starts college. What will his annual deposits be? Your

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