You have a loan outstanding. It requires making 4 annual payments at the end of the...

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You have a loan outstanding. It requires making 4 annual payments at the end of the next 4 years of $8,000 each. Your bank ha

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Answer 1

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solution: *working Annual payment 8,000.00 xFVA(5.23%,4)** | 4.32488 Future value 34599.07 FVA(5.23%,41(1.05234-1/0.0523 4.3

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