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please help me. thank you. If you borrow $8,300 with an interest rate of 6 percent, to be repaid in five equal yearly payments at
please help me. thank you.
If you borrow $8,300 with an interest rate of 6 percent, to be repaid in five equal yearly payments at the end of the next five years, what would be the amount of each payment? Use Exhibit 1-D. (Round time value factor to 3 decimal places and final answer to 2 decimal places.) Amount of each payment Luke Anderson is earning $20,000 a year in a city located in the Midwest. He is interviewing for a position in a city with a cost of living 13 percent higher than where he currently lives. What is the minimum salary Luke would need at his new job to maintain the same standard of living? Minimum salary During a job interview, Pam Thompson is offered a salary of $41,000. The company gives annual raises of 7 percent. What will be Pam's salary during her fifth year on the job? Use Exhibit 1 A. (Round time value factor to 3 decimal places and final answer to the nearest whole number.) Pam's salary in fifth year ok nt incesStep by Step Solution
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