Question: *CANNOT USE EXCEL TO SOLVE. PLEASE SHOW ALL STEPS. CAN USE CALCULATOR FUNCTIONS. Q: You borrow $80,000 and must make annual loan payments of $6,419.41

*CANNOT USE EXCEL TO SOLVE. PLEASE SHOW ALL STEPS. CAN USE CALCULATOR FUNCTIONS.

Q: You borrow $80,000 and must make annual loan payments of $6,419.41 for 20 years, starting at the end of the year. What interest rate are you being charged?

Q: Your client is 35 years old, and she wants to begin saving for retirement, with the first payment to come one year from now. She can save $9,000 per year, and you advise her to invest it in securities which you expect to provide an average annual return of 6 percent. If she follows your advice, how much money would she have at age 65?

Q: Suppose you invest $1,900 today in an account that earns a nominal annual rate (i_nom) of 16 percent, with interest compounded semiannually. How much money will you have after 12 years?

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