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Please show ALL work for each problem. John plans to buy a boat in 6 years. The boat builder has offered to allow him to

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Please show ALL work for each problem.

John plans to buy a boat in 6 years. The boat builder has offered to allow him to pay for the boat in 4 annual payments of $50,000 each beginning 6 years from today. interest rate is 7%, what is the PV of the boat today? 1. If the A) $169,361 B) $112,852 C) $120,752 D) $133,268 2. You deposited $100 in a savings account 9 months ago. You currently have $107.68. What was the likely advertised APR if the bank paid interest with monthly compounding? A) B) 7.43% C) D) 7.68% 9.9% 10.2% What is the value in year 5 of the following stream of payments on the date of the last payment? Assume an interest rate of 8% 3. Year Payment $20 $25 $35 A) $60.81 B) $65.68 C) $89.35 D) $96.50

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