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Pls turn last three digit an need quickly helping... thank you while keeping the interest rate at 7,75 % per year with quarterly compo Determine
Pls turn last three digit an need quickly helping... thank you
while keeping the interest rate at 7,75 % per year with quarterly compo Determine how much longer it will take you to repay this loan than you had originally planned with this new payment schedule(12 points) 5. You are 30 years old to day. You intend to retire at age 50 and you want to able to receive TL100.00 at the beginning of each year of retirement during 15 years, with the first payment received on your 52th birthday. You would like to save enough money over the next 52 years to achieve your objective; you want to accumulate necessary funds by your 30th birthday. a) Draw timeline of the cash flows(5 points) b) If you expect your investment to eam 12% per year over the next 20years and 8% per year thereafter, how much must you have saved by the time you reach age of 50 (10 points)? c) Find the value of that amount(b)your age is 35 years old assuming that annual interest rate is 10% that remains unchanged during the period(10 points) ABD) EN O W HisenseStep by Step Solution
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