What are the annual payments on a loan of $800,000.00 to be repaid over 8 years...
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What are the annual payments on a loan of $800,000.00 to be repaid over 8 years at 9%? 12. What will a deposit of $5,500.00 left in the bank be worth under the following conditions?: a. Left for 9 years at 7% interest? b. Left for 6 years at 10% compounded semiannually? c. Left for 5 years at 8% compounded quarterly? d. Left for 10 years at 12% compounded monthly? 13. What will a deposit of $5,500 left in the bank be worth under the following conditions? a. Left for 9 years at 7% interest. b. c. Left for 6 years at 10% compounded semiannually. Left for 5 years at 8% compounded quarterly. d. Left for 10 years at 12% compounded monthly. What are the annual payments on a loan of $800,000.00 to be repaid over 8 years at 9%? 12. What will a deposit of $5,500.00 left in the bank be worth under the following conditions?: a. Left for 9 years at 7% interest? b. Left for 6 years at 10% compounded semiannually? c. Left for 5 years at 8% compounded quarterly? d. Left for 10 years at 12% compounded monthly? 13. What will a deposit of $5,500 left in the bank be worth under the following conditions? a. Left for 9 years at 7% interest. b. c. Left for 6 years at 10% compounded semiannually. Left for 5 years at 8% compounded quarterly. d. Left for 10 years at 12% compounded monthly.
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A P r 1 rn 1 rn 1 Where A Annual payment P Loan principal amount r Interest rate per period in this ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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