Question: 2 Questions x 3 points each = 6 points 1. 6.80%. XYZ Warehouse is offering a piece of furniture for $ 8,780 and the credit

2 Questions x 3 points each = 6 points 1. 6.80%.

2 Questions x 3 points each = 6 points 1. 6.80%. XYZ Warehouse is offering a piece of furniture for $ 8,780 and the credit terms are 12 years at an annual interest rate of If you purchase the furniture on credit and make each payment every month how much will you have to pay each term? Answer: 2. 12 years. Betty will earn is an annual 3.80% return on her investment, compounded quarterly. Starting today, Betty is planning to invest $5,600 at the beginning of each quarter for How much money will the investment be worth when she withdraws at the end of the 12-year term

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