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PLEASE HELP WITH ALL (will give a like) 37. With continuous compounding at 4.25% p.a. for 20 years, what is the future value exactly 20
PLEASE HELP WITH ALL (will give a like)
37. With continuous compounding at 4.25% p.a. for 20 years, what is the future value exactly 20 years from today of a $120,000 initial investment (deposited today)? 38. For $125,000 Laura Croft can purchase a 15 -year ordinary annuity which will pay her a yearly payment of $18,495.00 for 15 years. What is the annual interest rate implicit in this investment? Round your answer to the nearest tenth (for example, record 0.4325 as 43.3% - but do not include the percent sign in iCollege). 39. Nathan Drake is considering borrowing $100,000 for 30 years at a compound annual interest rate of 13.675% p.a. The loan agreement calls for 30 equal annual payments, to be paid at the end of each of the next 30 years (payments include both principal and interest.) What is the annual payment that will fully amortize Nathan's loan? 40. Cloud Strife is going to deposit $652,000 into a certificate of deposit (CD) at a 3.492\% annual rate (compounded annually) with a maturity of 57 months. How much money will Cloud receive when the CD matures Step by Step Solution
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