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Scenario: You take out a $25,000 10 year semi annual loan. You make semi-annual payments of $1,450. What is the APR on this loan? (enter
Scenario: You take out a $25,000 10 year semi annual loan. You make semi-annual payments of $1,450. What is the APR on this loan? (enter your answer as a decimal rounded to 2 decimal places) Question 10 1 pts Scenario: You pay $100,000 today for an annuity that will pay you $1,560 every quarter for the next 20 years. What the APR on this investment? (enter answer as a percentage rounded to 2 decimal places) Question 11 1 pts Scenario: Suppose today you want to start making deposits of $1,000 per month into an investment that earns an APR of 7.88% compounded monthly. How many years will it take you to save $1,000,000? (round your answer to the nearest whole year)
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