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Showing posts with label savings account. Show all posts
Showing posts with label savings account. Show all posts
Wednesday, July 7, 2021

An investment will pay $500 in three years, $700 in five years, and $1,000 in nine years. If the opportunity rate is 6%

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An investment will pay $500 in three years, $700 in five years, and $1,000 in nine years. If the opportunity rate is 6%, what is the present...

You have borrowed $70,000 to buy rental property. You plan to make monthly payments over a 15-year period

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You have borrowed $70,000 to buy rental property. You plan to make monthly payments over a 15-year period. The bank has offered you a 9% int...

If you put $510 in a savings account at the beginning of each year for 30 years, how much money will be in the account

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If you put $510 in a savings account at the beginning of each year for 30 years, how much money will be in the account at the end of the 30t...
Sunday, July 4, 2021

Three years from now, Barbara Waters will purchase a laptop computer that will cost $2,250. Assume that Barbara

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Three years from now, Barbara Waters will purchase a laptop computer that will cost $2,250. Assume that Barbara can earn 6.25% (compounded m...

Shorty Jones wants to buy a one-way bus ticket to Mule-Snort, Pennsylvania. The ticket costs $142, but Mr. Jones

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Shorty Jones wants to buy a one-way bus ticket to Mule-Snort, Pennsylvania. The ticket costs $142, but Mr. Jones has only $80. If Shorty put...

If you put $700 in a savings account with a 10% nominal rate of interest compounded monthly, what will the investment

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If you put $700 in a savings account with a 10% nominal rate of interest compounded monthly, what will the investment be worth in 21 months ...