Question: 10. sum deposited today at 5% compounded annually for 18 years will provide the same amount as $1000 deposited at the end of each year

10. sum deposited today at 5% compounded annually for 18 years will provide the same amount as $1000 deposited at the end of each year for 18 years at 7% compounded annually?

What sum would have to be deposited today at 5% interest compounded annually?

9. A borrower had a loan of $7200 at 5.1% compounded semiannually,

with 14 semiannual payments. Suppose the borrower paid off the loan after

2 years. Calculate the amount needed to pay off the loan.

The amount needed to pay off this loan after 2 years is?

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