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Who could help me with these 4 exercises: 1-4 1. Mr. Miguel earned $ 12,500.00 in commission from insurance sales to an international company. He

Who could help me with these 4 exercises: 1-4

1. Mr. Miguel earned $ 12,500.00 in commission from insurance sales to an international company. He is undecided where he invests them since he has four bank companies that is making him the following 5-year offer at 6% interest.

PR 1 Bank: you are offered semi-annual compound interest

PR 2 Bank: You are offered annual compound interest

A. How much does he have at the end of the year for each offer?

B. How much would it be per year at simple interest?

C. Which bank would you recommend and why?

2. Karen is planning to do her PhD studies at MIS at the University of Chicago. In an interview they told him that his studies would cost him $ 25,000.00 the first year, $ 32,000.00 for the second and $ 45,000.00 for the third and $ 52,000.00 the last year. Three friends and a teacher offered to grant him a scholarship. Each one is going to pay for a year of study for his friends.

How much would his friends and teacher have to deposit him at the end of the year if he started studying in August 2022? Interest at 4.5%

* Each one must deposit the money one year before the start of the course.

3. The TOTAL garage is giving away two prizes;

to. $ 50,000.00 dollars cash

b. next annuity at the end of the year

Annuity year

1 year 12,000.00

2 year 8,000.00

3 year 10,000.00

4 year 15,000.00

5 year 10,000.00

What would be the best option considering 8% interest and at the end of 5 years and explain?

4. If your uncle borrows $ 52,000 from the bank at 8 percent interest during the eight years of the loan.

A. What equal annual payments must be made to pay off the loan, in addition to paying the bank the required interest rate?

B. How much of your first payment will be applied to interest? To the main one?

C. How much of your second payment will be applied to each? (principal and interest)

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