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Janice is an interior designer and wants to borrow $5000 so she can attend a trade show in New York. Her credit union has offered her an insecure line of credit at an annual rate of 9.25% compounded...

Suppose you have a 15-year loan for $314,000 with an APR of 6%. Using your calculator or Excel, make a table showing the amount of interest paid, the amount of principal paid, and the ending...

Bank account A begins with a deposit of 2000 dollars and earns 4.75% simple interest annually. Bank account B also begins with 2000 dollars and earns 4.75% interest compounded annually. Bank...

Kelly wants to accumulate 1 million dollars by investing a lump sum into an IRA (Individual Retirement Account) and letting it grow for the next 45 years. After researching different IRA's...

Suppose you are going to need $12,000 in 15 years. If you can get an average of 6.1% APR compounded daily over that time, how much would you need to deposit now in order to meet your goal?

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