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$1.00 Help with Math questions

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shelbyprokop
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Q:

$29,000; discount rate 9.0%; length of loan 8 months

 

$66,000; money earns 2.4% compounded monthly for 1 1/2 years

 

FInd the Lump sum deposited today that will yeild the same total amont as the following yearly payment and interest rate. The Payment is made at the end of each year for 20 years. The Given interest rate is compounded annualy.

$3200 at 6%

 

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  • Posted on May 20, 2012 at 11:16:13PM
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MATH ASSIGNMENT.xlsx (11K)