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1. How long will it take to pay off a loan of ?$53,000 at an annual rate of 9 percent compounded monthly if you make monthly payments of ?$400? Use five decimal places for the monthly percentage rate in your calculations.

2. What is the effective annual rate if a quoted interest rate is 10 percent and it is compounding quartlery?

3. What are some things that the statement of cash flows does not show? And what are some of the common misconceptions about cash flow?

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Financial Management, Finance

Category:- Financial Management
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