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Giuseppe
Questions (3)
A five-year loan of $25,000 at 7.2% compounded quarterly requires quarterly payments. (Round your answer to 2 decimal places.)
a.
3 answers
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Silas is about to begin regular month-end contributions of $500 to a bond fund. The fund's long-term rate of return is expected
0 answers
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Farah has $600,000 in her RRSP and wishes to retire. She is thinking of using the funds to purchase an annuity that earns 5%
4 answers
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Answers (3)
Using pv formula?
Thank you
I'm not sure when to use present value or future value. Do you have a trick to remember the difference?
