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Author Question: Suppose you deposited $3,000 in a bank account that pays6.25% with daily compounding and a 360-day ... (Read 54 times)

sc1250

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on: Aug 7, 2023

Question 1

Suppose you borrowed $15,000 at a rate of8% and must repay it in5equal installments at the end of each of the next5years. How much would you still owe at the end of the first year, after you have made the first payment?

◦

$12,443.15


◦

$12,673.24


◦

$13,461.82


◦

$13,375.98



Question 2

Suppose you deposited $3,000 in a bank account that pays6.25% with daily compounding and a 360-day year. How much could you withdraw after6months, assuming each month has 30 days?

◦

$2,978.09


◦

$2,936.99


◦

$3,108.84


◦

$3,095.22

Financial Management: Theory and Practice ¦ Brigham, Ehrhardt, Gessaroli, Nason ¦ 4th Edition
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Marked as best answer by sc1250 on Aug 7, 2023

dadgoere765

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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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sc1250

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Reply 2 on: Aug 7, 2023
Great answer, keep it coming :)

juliaf

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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