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You want to buy a new car in four years which will cost you $64,000. If you have $45,000 in your bank account now, how

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You want to buy a new car in four years which will cost you $64,000. If you have $45,000 in your bank account now, how much is nominal interest rate (compounded annually) p.a. to reach your goal? Hint: if your answer is 10.14%, please input as 10.14, rather than 0.1014, or 10.14%, or 10.14 per cent. Your Answer: Answer What is the future value of the mixed cash flow pattern as below, at the end of year 8 . assuming a 5.4% interest rate (compounded annually)? Your

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