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PLEASE ANSWER BOTH PARTS Brief Exercise 6-7 X Your answer is incorrect. Try again. Sara has just graduated from college. She has determined that to
PLEASE ANSWER BOTH PARTS
Brief Exercise 6-7 X Your answer is incorrect. Try again. Sara has just graduated from college. She has determined that to purchase a home in 14 years she needs to accumulate $33,900 for a down payment. If Sara can earn 8% per year on her savings, what is the amount of the annual annuity payment that Sara must make at the end of each year for 14 years? Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 2 decimal places, e.g. 25.25.) Amount of the annual annuity payment Click if you would like to Show Work for this question: Open Show Work Brief Exercise G-15 Crane Company is about to issue $348,500 of 10-year bonds paying an 10% interest rate, with interest payable semiannually. The discount rate for such securities is 10%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) In this case, how much can Crane expect to receive from the sale of these bonds? (Round answer to 0 decimal places, e.g. 2,575.) Crane can expect to receive Click if you would like to Show Work for this question: Open Show WorkStep by Step Solution
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