Homework Answers
1.
=20000*(12%/12)/((1+12%/12)^(12*18)-1)=26.3900765010144
2.
=1000/(1+16%/2)^(2*3)=630.169626883105
3.
Using financial calculator
N=12
PMT=10%*1000=100
FV=1000
PV=-850
CPT I/Y=12.47510%
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