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Unformatted text preview: savings account? Explain. a. Bank A pays interest at the rate of 10 percent for 1 year. b. Bank B pays interest at the rate of 5 percent, compounded quarterly. 4. Evaluate the advantages and disadvantages of leasing a car. 5. Briefly describe the various benefits for owning a home. 6. If you can earn 12%, how much will you have to save each year if you want to retire in 35 years with $1 million?...
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This note was uploaded on 03/17/2009 for the course AF 3152 taught by Professor Peggy during the Spring '09 term at Hong Kong Polytechnic University.
- Spring '09