Question: 65% 9:48 PM Tue Dec 14 TO EO 5. Your bank credits a 4% yearly interest rate (EAR). You have $1,500 in your account now
65% 9:48 PM Tue Dec 14 TO EO 5. Your bank credits a 4% yearly interest rate (EAR). You have $1,500 in your account now and you can put in an additional S100 each year (starting one year from today). In how many whole years will the accumulated balance in your account be at least as great as $4,000? (Hint: Use your financial keys for this one and solve for N. Because you are asked in how many whole years your account must be at least as great as $4,000, you should round your answer up to the next higher whole number.) HV- 4000 DU - 1500 AUT 100 N-2 Vy? 1- 3.9285% 6. You buy a new sports car today for $90,000. The contract is in the form of a 70-month annuity at an 18%. APR with monthly compounding, Your first payment is one month from today. What will be the amount of your monthly payment
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