Annuity payment over five years
Problem:
What's the present value of a $930 annuity payment over five years if interest rates are 9 percent? Show your all workings.
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A small business owner visits her bank to ask for a loan. The owner states that she can repay a loan at $3,000 per month for the next three years and then $6,000 per month for two years after that. If the bank is charging customers 10.00 percent A
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