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Time Left:0:56:36 Tommy M Carder: Attempt 1 Question 7 (8 points) What is the monthly payment for a loan of $10,000 that is borrowed at
Time Left:0:56:36 Tommy M Carder: Attempt 1 Question 7 (8 points) What is the monthly payment for a loan of $10,000 that is borrowed at 8% per year compounded quarterly and the loan is repaid with 36 equal monthly payments? Choose the closest answer. $392.33 $313.12 $313.36 $393.17 Question 8 (8 points) How much money must be deposited in a savings account each month to accumulate $10,000 at the end of 5 years, if the bank pays interest at the rate of 6% per year, compounded semiannually? Choose the closest answer. $143.60 $60.48 $143.33 010024
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