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Suppose you were offered the opportunity to receive $2,500 beginning in one year and continuing forever. If you could earn 12% on your investments, how
Suppose you were offered the opportunity to receive $2,500 beginning in one year and continuing forever. If you could earn 12% on your investments, how much should you pay for this perpetuity? [2]
(c) Prepare a loan amortization schedule involving a $850,000 loan at 10% over 4 years.
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