Question: Calculations estion 24 0 / 1 point You decide that the loan in question 2 is too large for you. You know you can afford

 Calculations estion 24 0 / 1 point You decide that the

Calculations estion 24 0 / 1 point You decide that the loan in question 2 is too large for you. You know you can afford to make monthly payments of $425 for 36 months. How much will the bank lend you today on a 3% APR car loan in exchange for your promised monthly payments? Answer 9278.71 estion 26 0 /1 point What is the present value of an investment that will pay the investor $960 per month, every month, for four years, with the first payment made today? Assume that the investor requires a 7% effective annual return (EAR), compounded monthly. Answer 726.2584 Question 30 o/1 point Use the Rule of 72 to determine approximately how many years it takes SS0000 to double i Answer: 720 alue when growing at an interest rate of 10% per year

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