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Rex Kastore would like to invest in a $110,000 face value note payable. The noto has a 4 -year term and pays 6% anoual interest
Rex Kastore would like to invest in a $110,000 face value note payable. The noto has a 4 -year term and pays 6% anoual interest at the end of each year Interest is compounded annualy (Click the icon to view the Future Vake of $1 table) (Cilck the icon to view the Prosent Value of \$1 table) (Click the icon to view the Future Value of an Ordinary Annuity table) (Click the ican to virw the Present Value of an Ordinary Annuily table.) Read the roquil Requirements Requirement a calculations it a. What would he pay for the nete it he wanted the note to yield 6%. b. What would he pay for the note if he wamed the note to yield 10% c. What would he pay for the note it he wanied the node to yield 16% ? b view the Present Value of an Annuity Due table) nearest cent s: Rex would pay Requirement t: calculations if Wue tables, a financial calculator, or a spreaduheet for your placens COO000 Round your final answer to the
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