Question: Question 5 2 points Save Answer An labor received a reward of $11,000 that he will invest now. He desires to compute the equivalent value

Question 5 2 points Save Answer "An labor received a reward of $11,000 that he will invest now. He desires to compute the equivalent value after 22 years, when he plans to usage all the saving amount as the down payment on a home. Assume a nominal interest rate of 12% per year for each of the 22 years. Find the amount he can pay down." 59802 133103 73245 89543 109269 161852 Question 5 of 6 > Moving to another question will save this response

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