(Answered) 9a balloon payment of 21000 on your house is due in 10

Finance

9.A balloon payment of $21,000 on your house is due in 10 years. if you can earn an average of 5 percent per year for the 10 years period, how much you place into an account today to have the $21,000 in 10 years?

19.Carrie Haute buys a fast-food restaurant for $500,000. She is very successful and sells the business 6 years later for $1,375,000. What is Carrie's interest rate of return?

20. Rochelle Kotter wants to attend a university 5 years from now. She will need $88,000. Assume Rohelle's bank pays 3percent interest for a 5 years CD compounded monthly. What must Rochelle deposit today to accumulate $88,000 in 5 years?

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