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Peter took a 10 -year $10,000 mortgage. The mortgage has a 10% nominal interest rate, but it calls for monthly payment with the first payment
Peter took a 10 -year $10,000 mortgage. The mortgage has a 10% nominal interest rate, but it calls for monthly payment with the first payment at the end of this month. How much is monthly payment of this loan? \begin{tabular}{|l} \hline$1,200.00 \\ $112.00 \\ $83.33 \\ $132.15 \\ $143.47 \end{tabular} Suppose you inherited $300,000 and invested it at 8.25% per year. How much could you withdraw at the beginning of each of the next 20 years? $29,051.22 $26,837.16 $28,490.47 $31,126.31 $28,754,10
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