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Question 1 1.5 pts A professional hockey team is looking to build a new stadium. The construction will start 13 years from now. The team
Question 1 1.5 pts A professional hockey team is looking to build a new stadium. The construction will start 13 years from now. The team has invested $1,196,159. If the team can earn an 4% annual rate compounded on their money and their payment is $62,014, what is the value of the stadium's construction at the start date of the construction? Question 2 1.5 pts Westerfield can afford $209 a month for 4 years for a car loan. If the interest rate is 6.21 percent compounded monthly, how much can he afford to borrow to purchase a car? Round your answer to 2 decimal places
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