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1. Present and future values for different interest rates Find the following values. Compounding/discounting occurs annually.

The present value of 1552.90 due in 10 years at 12% and 6%

2. Daniel borrowed $20,000 with a premise to repay the loan in 6 years with a uniform monthly payment and a single payment of $2,000 at the end of six years at a nominal interest rate of 12% per year. What is the amount of each payment?

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92795548

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