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You can receive $50,000 at the beginning of each year for ten years. Similar investments earn 9.50% interest. How much should you pay for the

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You can receive $50,000 at the beginning of each year for ten years. Similar investments earn 9.50% interest. How much should you pay for the payment stream today? Please round your answer to two decimal places. Also, be sure to label dollars as dollars using $, percentages as percentages using %, etc. You need $45,000 in ten years for college tuition. Similar investments earn 7% interest. How much must you save each year to reach your savings goal? Please round your answer to two decimal places. Also, be sure to label dollars as dollars using $, percentages as percentages using %, etc. You found your dream home, and it is priced at $180,900. You can't decide if you want to finance the home twenty-five years or thirty years. The bank is offering you a 3.25% interest rate, and you will make monthly payments on the house. How much more is your monthly house payment if you finance for twenty-five years compared to thirty? Please round your answer to two decimal places. Also, be sure to label dollars as dollars using $. percentages as percentages using %, etc. You need to borrow money for home repairs, and the bank offers you a 5% interest rate with monthly compounding. What is your effective annual rate on the loan? Please round your answer to two decimal places. Also, be sure to label dollars as dollars using $. percentages as percentages using %, etc

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