Question: Problem #1 Future value - Present value a. Ignats invested $1,750 today @ 5% compunded annually. How many years will it take for his original
Problem #1 Future value - Present value a. Ignats invested $1,750 today @ 5% compunded annually. How many years will it take for his original investment to amount to $ 27,8557 b. At the end of each of the next twenty quarters Philo Kvetch will deposit $ 2,500 into an investment account which is should amount to $ 55,048 at the end of the five year investment period. What is the annual return? c. By virtue of his schrewd negotiation and an impeccable credit history, Trebor Nietsniew was able to obtain a 9% - 3yr. monthly installment loan of $75,000. 1 What is Trebor's monthly payment? 2 Prepare a loan amortization schedule for the first 3 months
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