!)A hotel wants to remodel and gets a loan for $344,546.2 today but will owe $420,000 at...

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!)A hotel wants to remodel and gets a loan for $344,546.2 today but will owe $420,000 at the maturity date. the rate of interest is 8% compounded quarterly. How long is the loan.

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!!)Hotel will need $9,000 to start a small business in 3 years. How much must he deposit today at 4% compounded quarterly?

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Related Book For answer-question

Public Finance A Contemporary Application of Theory to Policy

ISBN: 978-1285173955

11th edition

Authors: David N Hyman

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Posted Date: Mar 10, 2024 01:45 PM

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!)A hotel wants to remodel and gets a loan for $344,546.2 today but will owe $420,000 at...

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Public Finance A Contemporary Application of Theory to Policy

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