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Question no 1 Determine the present value of a series of 20 quarterly payments of $2000 each which begins 3 months from today. Assume interest
Question no 1 Determine the present value of a series of 20 quarterly payments of $2000 each which begins 3 months from today. Assume interest of 8% per year compounded quarterly. Question 2 Determine the quarterly payment necessary to repay $10,000 loan. How much interest will be paid on the loan? Assume interest rate is 10% compounded quarterly for 5 years.
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