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Having an issue with 2 finance homework questions pertaining to-(Answered)

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Having an issue with 2 finance homework questions pertaining to time value of money (TVM).

5-14 Future Value of an Annuity Due If the future value of an ordinary, 6-year annuity is $8,500 and interest rates are 9.5 percent, what?s the future value of the same annuity due?

5-15 Effective Annual Rate A loan is offered with monthly payments and a 10 percent APR. What?s the loan?s effective annual rate (EAR)?

 

Paper#9256097 | Written in 27-Jul-2016

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