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What is the PV of a $400 monthly annuity if it's in an account that makes 7% for 13 years? Assume that compounding and payments
What is the PV of a $400 monthly annuity if it's in an account that makes 7% for 13 years? Assume that compounding and payments have the same frequency. \begin{tabular}{|c|} \hline$62,400.00 \\ \hline$41,058.13 \\ \hline$40,896.70 \\ \hline$101,332.32 \end{tabular} Question 4 Robert is planning to pay $1,500 per month for a house payment for the next 30 years. At an annual rate of 3.00%, how much will Robert be able to borrow for his house? $355,784.07$617.98$874,105.33$540,000.00
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