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please answer only 4th question Question 3 (1 point) How long will it take to pay off a debt of $47,000 if you make payments
please answer only 4th question
Question 3 (1 point) How long will it take to pay off a debt of $47,000 if you make payments of $400 at the end of each month? Assume that the debt charges interest at a semi-annual rate of ja=7.20%? Express your answer in years rounded to 2 decimal places. Your Answer: Answer Question 4 (1 point) Calculate the amount that must be invested at the end of each quarter at j4=6% in order to accumulate $500,000 after 25 years. Your Answer: Answer Question 3 (1 point) How long will it take to pay off a debt of $47,000 if you make payments of $400 at the end of each month? Assume that the debt charges interest at a semi-annual rate of ja=7.20%? Express your answer in years rounded to 2 decimal places. Your Answer: Answer Question 4 (1 point) Calculate the amount that must be invested at the end of each quarter at j4=6% in order to accumulate $500,000 after 25 years. YourStep by Step Solution
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