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these questions are complete Thank you 11. Suppose you borrow $11,000 from a bank at 6% per year, compounded monthly. You agree to repay the

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these questions are complete

Thank you

11.

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Suppose you borrow $11,000 from a bank at 6% per year, compounded monthly. You agree to repay the loan with equal monthly payments over 5 years. What is the amount of the payment? Round your answer to the nearest dollar. Do not include the dollar sign in the box.A construction company has just purchased a bulldozer. They expect the maintenance costs for it to be $100 in the first year, but increase by 4% every year thereafter for the 8-year life of the vehicle. Calculate the present value of the costs using an interest rate of 4%. Round your answer to the nearest dollar. Do not include the dollar sign in the box.You are saving to pay cash for a used car and want to have $9,195 five years from now. You make a single deposit of $1,025 today and plan to make 5 equal deposits in years 1-5 into an account that earns 6% per year. What should the value of these deposits be? Round your answer to the nearest dollar. Do not include the dollar sign in the box

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