A loan shark has offered to loan you $390,100.00 today so that you can afford the...

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A loan shark has offered to loan you $390,100.00 today so that you can afford the house of your dreams. The only catch is that he wants you to repay him $618,200.00 exactly 5.00 years from today. You are very tempted as you want the house really badly. What is the rate of interest on the Shark's loan? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924)) An engaged couple agrees to get married once their savings equal $52,400.00. They have $38,400.00 at the moment and will invest the money in an account that earns 7.00% per year. How many years will the engagement last? Submit Answer format: Number: Round to: 2 decimal places. A very careful new father wants to set money aside for his baby daughter's wedding. If the wedding takes place in 26.00 years, he expects it will cost $88,300.00. If the father can earn 5.00% on his investments, how much does he need to invest today to reach his goal? Submit Answer format: Currency: Round to: 2 decimal places. A loan shark has offered to loan you $390,100.00 today so that you can afford the house of your dreams. The only catch is that he wants you to repay him $618,200.00 exactly 5.00 years from today. You are very tempted as you want the house really badly. What is the rate of interest on the Shark's loan? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924)) An engaged couple agrees to get married once their savings equal $52,400.00. They have $38,400.00 at the moment and will invest the money in an account that earns 7.00% per year. How many years will the engagement last? Submit Answer format: Number: Round to: 2 decimal places. A very careful new father wants to set money aside for his baby daughter's wedding. If the wedding takes place in 26.00 years, he expects it will cost $88,300.00. If the father can earn 5.00% on his investments, how much does he need to invest today to reach his goal? Submit Answer format: Currency: Round to: 2 decimal places.