You will provide payments every month of $245. The annual interest rate will be 8 %...
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You will provide payments every month of $245. The annual interest rate will be 8 % (you need a monthly interest rate and opposite signs on the payments and future values). |
| Required: |
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How many months will it take for the value of the payments to reach $64,000? (Round your answer to 2 decimal places (e.g., 32.16).) |
| Number of payments |
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You will provide payments every month of $245. The annual
interest rate will be 8 %...
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A firm offers terms of 1/10, net 30. a. What effective annual interest rate does the...
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A firm offers terms of 1/10, net 35. a. What effective annual interest rate does the...
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