question archive A loan of 51,000 can be paid off in 7 annual payments of $200 each Payments occur at the end of each year
A loan of 51,000 can be paid off in 7 annual payments of $200 each Payments occur at the end of each year
Subject:SociologyPrice: Bought3
A loan of 51,000 can be paid off in 7 annual payments of $200 each Payments occur at the end of each year. What is the annual interest rate for this loan? Round your answer to the nearest percentage point and report it without the sin I have two projected expenses in the future: $4,000 at the end of four years and 55,000 two years after that (ie, at the end of the sixth year.) How much should I set aside today ensure that I will have the necessary funds available? The annual interest rate is 64. Round your answer to the nearest dollar and report it without the $ sign Using the rule of 72 estimate the number of years it will take an investment to become double in value if the interest rate is 4 per annum, Roubd your answer to the nearest integer
