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(13) What is the difference in price if you buy a BMW for cash for...

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(13) What is the difference in price if you buy a BMW for cash for $75,000 or lease it with beginning of the month payments of $1035 for 5 years with a residual value of $30,000 at the end of the term? Interest is 5% compounded semi-annually. (14) What quarterly deposits at the end of each quarter will accumulate to $10,000 in 4.5 years at 4% compounded quarterly? (15) A loan of $6000 is paid off over 5 years by monthly payments of $120.23. What is the nominal rate? (16) How long will it take $35,000 to grow to $87,000 if interest is 4.8% compounded monthly

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