Question
Please show work and formulas: A: You deposit $100 for the next 15 years earning 10% per year. What would your balance be at the
Please show work and formulas:
A: You deposit $100 for the next 15 years earning 10% per year. What would your balance be at the end of the 15 Years?
B: You borrow $100,000 for 18 years at an annual rate of 7%. What would be your fixed QUARTERLY loan payment?
C: For the loan in #5 above, what percent of your first payment would apply to the principal?
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Investments An Introduction
Authors: Herbert B. Mayo
13th Edition
0357127951, 978-0357127957
