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Please provide excel to help me Question 2: You borrow a five-year $13,000 loan with monthly payments of $250. What is the annual percentage rate
Please provide excel to help me
Question 2:
You borrow a five-year $13,000 loan with
monthly payments of $250. What is the annual
percentage rate (APR) on the loan?
Question 3:
How much would you have to invest today to receive $50,000 in 10 years at 9.5 percent
per year?
Question 4:
Ms. Nelson will receive $12,000 a year for the next 20 years from her retirement fund. If
a 6 percent interest rate is applied, what is the current value of her retirement fund?
Question 5:
Assume you deposit $2,000 every six months at 10 percent compounded semi-annually.
How much will you have at the end of 10 years?
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