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Please answer all of the questions or don't answer at all. Today you are opening a savings account and depositing an initial $2,000 Into it.
Please answer all of the questions or don't answer at all. Today you are opening a savings account and depositing an initial $2,000 Into it. You plan to deposit $3,000 into the account three yean from today and deposit another $5,000 four years from today. How much will you have in your account five years from today if you earn a 10 percent rate of return? What is the effective annual rate of 12.5 percent compounded monthly? What is the effective annual rate of 14.7 percent compounded daily? You borrow $155,000 for thirty-five years at 7 percent. This is an amortized loan with monthly payments. How much of the first payment goes to the principle balance of the loan? Assume that one month is equal to 1/12 of a year
Please answer all of the questions or don't answer at all.
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