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Author Question: After graduation, you plan to work for Dynamo Corporation for14years and then start your own ... (Read 78 times)

zl00505

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on: Aug 7, 2023

Question 1

A homeowner just obtained a25-year amortized mortgage loan for $120,000 at a nominal annual rate of7%, with 360 end-of-month payments. What percentage of the total payments made during the first 3 months will go toward payment of interest?

◦

79.25%


◦

80.62%


◦

81.90%


◦

82.43%



Question 2

After graduation, you plan to work for Dynamo Corporation for14years and then start your own business. You expect to save and deposit $7,000a year for the first7years and $14,000 annually for the following7years, with the first deposit being made a year from today. In addition, your grandfather just gave you a $28,000 graduation gift, which you will deposit immediately. If the account earns8%, compounded annually, how much will you have when you start your business14years from now?

◦

$308,154


◦

$314,205


◦

$326,907


◦

$339,061

Financial Management: Theory and Practice ¦ Brigham, Ehrhardt, Gessaroli, Nason ¦ 4th Edition
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Marked as best answer by zl00505 on Aug 7, 2023

xinyifff

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Reply #1 on: Aug 7, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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zl00505

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Reply 2 on: Aug 7, 2023
Thanks for the timely response, appreciate it

jackie

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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