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QUESTION 7 An entrepreneur bomo s S O today. The interest rate is 8%. Finaly, the...
QUESTION 4 For 2a)2(c) using the following information You borrow $10.000 today with interest rate 7 and you plan to pay the bank back with equal annual payment. Let us assume the first payment happen at the end of each year. Principal beg. year Payment end year Interest Principal 2) how much is the annual payment? 1674.678 QUESTIONS You borrow $10,000 today with interest rate 7%, and you plan to pay the bank back with 8 equal annual payment 200)...
Time value Personal Finance Problem You have S 1,500 to invest today at 7% interest compounded annually. a. Find how much you will have accumulated in the account at the end of (1) 3 years, (2) 6 years, and (3) 9 years. b. Use your findings in part a to calculate the amount of interest eamed in (1) the first 3 years (years 1 to 3), (2) the second 3 years (years 4 to 6), and (3) the third 3...