2 Answered Questions for the topic Loan Repayment

Loan Repayment Compound Interest

07/19/17

What is the future value of the annuity?
Jenny invests $1000 per year for 20 years in an annuity. The interest rate is 6% p.a. and interest is compounded annually. What is the future value of the annuity?
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Expert Answers •2
Loan Repayment Interest Repaying Loans

07/07/16

Repaying Loans?
Dustin is taking out a loan for $2000 and wants to know how much money he will save by taking a 2 year loan at 14% interest instead of 20% interest.  1. What is the total repayment for the 20%... more
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Expert Answers •1

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