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Show work. Or calculator work. Please answer all. 8. You bought your house ten years ago for $350,000. Today you sold the house for $500,000.
Show work. Or calculator work. Please answer all. 8. You bought your house ten years ago for $350,000. Today you sold the house for $500,000. What is your annualized rate of return? 9. Bank A is charging 10 percent compounded monthly on a loan whereas Bank B is charging 9.85 percent compounded daily. Loan needs to be repaid in one lump-sum at the end of five years and no other payments are made. Which bank should you borrow from? 10. Today, Stacy is investing $18,000 at 6.72 percent, compounded annually, for 5 years. How much additional income could she earn if she had invested this amount at 7.15 percent, compounded annually
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