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1. A bank markets the following product. You take out a loan today and then repay 2,000 for eight years and 3,000 for another eight years (so that there are 16 payments total). If the interest rate is 4%, what is the size of the loan?

2. Ellen died with the following property: house in joint tenancy with her husband, stocks owned individually, a bank account held individually and household goods. What schedules must her executor complete? a. Schedules A, B and C b. Schedules A, B, C, E and F c. Schedules B, C, E and F d. Schedules C, D and F.

Financial Management, Finance

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