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No need to show work What is the present value of $500.00 to be paid in two years if the interest rate is 5 percent?
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What is the present value of $500.00 to be paid in two years if the interest rate is 5 percent? If a one year treasury bill you can buy today for $909.09 has a face value of $1000. Its yield to maturity is %. You get a car loan for $25.000 at 3% per annum for 4 years. Your monthly loan payment is $ 553.36. The interest payment during the first month is $ The interest payment during the second month is S Loan balance after making two payments is $ Step by Step Solution
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