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3 What is the present value of $2,025 per year, at a discount rate of...

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Finance

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3 What is the present value of $2,025 per year, at a discount rate of 7 percent, if the first payment is received 6 years from now and the last payment is received 23 years from now? (Do not round intermediate calculations and round your answer to 2 decima places, e.g., 32.16.) 5 ints 4 You want to buy a new sports car from Muscle Motors for $39,500. The contract is in th form of a 48 month annuity due at an APR of 6.85 percent. What will your monthly payment be? (Do not round intermediate calculations an round your answer to 2 decimal places, e.g., 32.16.) 0.5 points Monthly payment eBook

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