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You plan on purchasing a laptop from regular deposits of $100 at the end of every month for a year. If interest is earned at
You plan on purchasing a laptop from regular deposits of $100 at the end of every month for a year. If interest is earned at a rate of 7.6% compounded quarterly. What is the value of i that you will use in the future value annuity formula?
- A loan of $1,456 is to be paid off in 12 equal quarterly payments with an interest rate of 2.4% compounded quarterly. What are the payments if they start today?
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