A. What would be the annual payments on a fixed payment amount loan of $10,000...
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A. What would be the annual payments on a fixed payment amount loan of $10,000 for seven years at 9%?
B.How much would you pay today for a $10,000 Treasury note, sold at a discount, and maturing at the end of three-years, if the market interest rate were 3%?
C.Youre trying to save to buy a new Ferrari that costs $190,000. You have $40,000 today that you can invest at your bank or in the stock market. Assuming that you earn an average annual compounded interest rate of 5.0% on your initial investment of $40,000, how long will it take yourounded to the nearest tenth of a yearbefore you have enough to buy a car?
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