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Year 1 2 Cash Flow $1,075 $1,210 $1,340 $1,420 3 4 4. What is the future value of $3,100 in 17 years assuming an interest

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Year 1 2 Cash Flow $1,075 $1,210 $1,340 $1,420 3 4 4. What is the future value of $3,100 in 17 years assuming an interest rate of 8.4% compounded semiannually? 5. You want to buy a new sports coupe for $84,500, and the finance office at the dealership has quoted you an APR of 5.2% for a 60-month loan to buy the car. What will your monthly payment be? What is the effective annual rate on this loan

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