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Question 17 2 pts Phil wants to pay $240 a month for five years for a car loan. If the interest rate is 8.5 percent,

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Question 17 2 pts Phil wants to pay $240 a month for five years for a car loan. If the interest rate is 8.5 percent, how much will Phil borrow to purchase the car? You may use the following Excel Workbook for your calculations, but you do not have turn it in: Blank Workbook.xlsx $12,348,03 O $11.750.00 O $10,266.67 O $11.697.88 Question 18 2 pts The Floral Arrangements has a return on assets of 9 percent and a dividend payout ratio of 75 percent. What is the internal growth rate? You may use the following Excel Workbook for your calculations, but you do not have turn it in: Blank Workbook.xlsx 2.30 percent O 4.05 percent O 3,24 percent 3.97 percent

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