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please include all the decimal A debt of $10,000 is carrying interest at 6.2%/year compounded semi-annually and is due in 73 years. The market interest
please include all the decimal
A debt of $10,000 is carrying interest at 6.2%/year compounded semi-annually and is due in 73 years. The market interest rates on such a debt are currently of 2.9%/year compounded monthly. Determine the present value of the debt. (Enter the value only; do NOT add a $ sign.) Answer: Using the exact method, how much money will be required on July 9, 2019, to repay a loan of $5000 made on September 9, 2004, if interest on the loan is earned at 1.8%/year compounded quarterly? (Enter the value only; do NOT add a $ sign.) Answer: From 1920 to 2027, the earnings per share of common stock of a company increased from $2.3 to $17.3. What was (within one basis point) the compound annual rate of increase in earnings per share? (Indicate your answer as a percentage without the % symbol; for instance, if your answer is 10%/year, then simply write 10.)Step by Step Solution
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