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Nyou want to buy a new car worth $30,000 but you have no savings. The Finance Manager offers a loan to finance your new car

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Nyou want to buy a new car worth $30,000 but you have no savings. The Finance Manager offers a loan to finance your new car with payments of only $750 per Month payable for the next 7 years, with the first payment starting at the end of the first month. What is the nominal annual interest rate you will be paying? 96 What the PV of the following stream of cash flows assuming an interest rate of 50%? YO 0 2 $0 9.100 320315145 40462 Your Uncle Bed and has investments of $375,000 He expects to me for another 25 years and also expects to earn 79 annually on his invested fune How muchane Witch and not run out of funds at the 25th year it in year 25 his balance will be zero) if he makes the first withdrawal or 40 ** ENG i N

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