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Suppose you put $8,000 into an account that earns 8.5% compounded monthly for 5 years.

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Suppose you put $8,000 into an account that earns 8.5% compounded monthly for 5 years. You then move it to an account earning 9.0% compounded quarterly for 3 years. How much will you have at the end of 8 years? (Choose the closest answer provided).;a. $11,279 b. $14,712 c. $15,653 d. $15,958;You purchase your first home and finance it for 30 years at 7.5% interest. If your monthly payments (principal and interest) are $862.50, how much did you borrow?;a. $114,276 b. $113,472 c. $123,353 d. $124,124

 

Paper#34347 | Written in 18-Jul-2015

Price : $27
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