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Solve the questions using excel by first finding PV,FV,PMT,N and r. If you deposit $3,000 at the end of each of the next 20 years
Solve the questions using excel by first finding PV,FV,PMT,N and r.
- If you deposit $3,000 at the end of each of the next 20 years into an account paying 10.5% interest, how much money will you have in the account in 20 years?
- Matthew wants to take out a loan to buy a car. He calculates that he can make repayments of $4000 per year. If he can get a five-year loan with an annual interest rate of 7.5%, what is the maximum price he can afford to buy a car?
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Options Futures And Other Derivatives
Authors: John C. Hull
11th Edition
013693997X, 9780136939979
