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Show your work! 1. Jonathan borrows $5,500 at 7 percent annually compounded interest to be repaid in four equal annual installments. The interest paid in

Show your work!

1. Jonathan borrows $5,500 at 7 percent annually compounded interest to be repaid in four equal annual installments. The interest paid in the second year is

2. The future value of $500 received today and deposited at 8% compounded quarterly for 5 years is

3. The present value of a $50,000 perpetuity at a 10% annual discount rate is

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