1. What annual payment is required to pay off a four-year, $12,000 loan if the interest rate...
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1. What annual payment is required to pay off a four-year, $12,000 loan if the interest rate being charged is 7 percent EAR? What would the monthly payments be for the same loan assuming the same interest rate?
2. Ben Collins plans to buy a house for $281,000 If that real estate property is expected to increase in value by 8 percent each year, what will its approximate value be seven years from now?
Related Book For
Contemporary Business Mathematics With Canadian Applications
ISBN: 9780135285015
12th Edition
Authors: Ali R. Hassanlou, S. A. Hummelbrunner, Kelly Halliday
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