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The monthly mortgage payment on your house is $1,500. It is a 30-year mortgage with an interest rate of 0.3333% per month (4% APR compounded
The monthly mortgage payment on your house is $1,500. It is a 30-year mortgage with an interest rate of 0.3333% per month (4% APR compounded monthly). How much did you borrow (closest answer)? O $250.187 O $238,247 $314.207 O $166.792 What is the total future value three years from now of $80 received in one year, $300 received in two years, and $700 received in three years if the interest rate is 3% per year? O $1,080.00 O $1,093.87 O $1.099.30 O $1,095.55 You save $1,250 each year for 25 years (25 payments). The first payment is one year from today, and the rate of return on your investment (savings) is 8% per year. How much will you accumulate in 25 years? $105,876 $91,382 O $68,581 O $79,061
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