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You plan to buy a $105.115 house. You have $25,214 to use as the down payment. The bank offers to loan you the remainder at
You plan to buy a $105.115 house. You have $25,214 to use as the down payment. The bank offers to loan you the remainder at 18% nominal interest compounded monthly. The term of the loan is 20 years. What is your equal monthly loan payment? Enter your answer as follow: 1234,56 M. Poirot wishes to sell a bond that has a face value of $1,000. The bond bears an interest rate of 10.46% with bond interest payable serniannually. Six years ago. $1,420 was paid for the bond. At least a 12% return (yield) on the investment is desired. The minimum selling price must be Enter your answer as follow: 1234.56
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