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Present Value of Ordinary Simple A) What is the present value of an annuity if the payments of $800 are made at the end of
Present Value of Ordinary Simple A) What is the present value of an annuity if the payments of $800 are made at the end of each quarter for 6 years and the investment earns 4.80% compounded quarterly? B)Jacob is making monthly payments of $350 on a loan for 7 year 3 months. He is being charged 6.25% compounded monthly. What was the original value of the loan? How much interest will Jacob pay over the entire timeframe of the loan? C)How much money should Eva deposit in an investment account that is growing at 6% compounded semi-annually to be able to withdraw $3,300 at the end of every six months for four years? D)What is the payment required at the end of each quarter to pay off a loan of $400,000 at 6% compounded quarterly over 25 years
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