Question: ASAP please So I was able to solve the first part of this question the easy one but I need help on the hard one
ASAP please
So I was able to solve the first part of this question the "easy" one but I need help on the "hard" one so for the second question we need to
-convert the 18% apr to apy
- calculate the effective annual interest rate
- are p value is 3 because it's after three years not at year 0
- and we will have another f value at year 10 because we are selling it


And please show me how to calculate the second part in terms of equation like I did with the first part
4. Easy: A student bought $1000 worth of furniture. Current interest rates are 4%. What is the Equivalent Uniform Annual Worth if the furniture is expected to last 10 years and can be sold for Hard: Another student bought the furniture above on a credit card at 18% APR (credit cards compound daily). They paid off the credit card after 3 years. Now what is the Equivalent Uniform Annual Cost of the furniture
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