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Author Question: TVM formulas provide answers for periodic rates (e.g., annual, quarterly, monthly, daily, etc.) and ... (Read 116 times)

storky111

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on: Jul 10, 2018
TVM formulas provide answers for periodic rates (e.g., annual, quarterly, monthly, daily, etc.) and the total number of periods over the length of the loan.
 
  Indicate whether the statement is true or false.

Question 2

Jordan will need 20,000 at the end of 6 years to put a down payment on a house. What rate of return will he need to earn if he can invest 9,110 today?
 
  A) 14.0
  B) 13.0
  C) 13.5
  D) 14.5
  E) 15.0


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Tonny

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Reply #1 on: Jul 10, 2018
Answer to Question 1

Answer: TRUE

Answer to Question 2

A


storky111

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Reply #2 on: Jul 10, 2018
TY


Tonny

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Reply #3 on: Jul 10, 2018
Happy to Help


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