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You want to buy a new sports car from Muscle Motors for $43,000. The contract...

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You want to buy a new sports car from Muscle Motors for $43,000. The contract is in the form of a 60-month annuity due at a 6.25% APR. What will your monthly payment be? 10. A 5-year annuity of ten $7,800 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now. If the discount rate is 9% compounded semiannually, what is the value of this annuity five years from now? What is the value three years from now? What is the current value of the annuity

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