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Will borrowed $5,000 today by signing a 6% loan requiring equal annual payments for two years. Compute each payment amount. What is the most expensive
Will borrowed $5,000 today by signing a 6% loan requiring equal annual payments for two years. Compute each payment amount. What is the most expensive car Will can purchase if he can afford $4,200 annual payments for 2 years? Assume the loan carries a 9% annual rate. If S100 is deposited at the end of each year into an investment that pays 6% interest per year, how much will be in the account after the fifth deposit? If you want to have $1,000,000 in 40 years and you know of an investment that earns 8%, how much do you need to invest annually
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