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Hello, i have 3 questions from ( Mathematics of Finance course) Please help me answering...

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Accounting

Hello, i have 3 questions from ( Mathematics of Finance course)

Please help me answering them. Thank you very much ^_^

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13. A man stipulates in his will that $50 000 from his estate is to be placed in a fund from which his three children are to each receive an equal amount when they reach age 21. When the man dies, the children are ages 19, 15, and 13. If this fund earns interest at j2 = 6%, how much does each receive D 8. A consumer buys goods worth $1500. She pays S300 down and will pay $500 at the end of 6 months. If the store charges j12 = 18% on the unpaid balance, what final payment will be necessary at the end of one year

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