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Unformatted text preview: prior year until 2500 is paid at the end of each quarter in the 10 year. Calculate the present value of Jenna ’s payments using 0.05 i . 4. Jordan borrows 30,000 and agrees to repay the loan over 11 years with annual payments using the sinking fund method. The annual effective interest on the loan is 9% and the sinking fund earns interest at a annual effective rate of 7.5%. Calculate the interest paid to the bank each year and the annual sinking fund deposit....
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 Spring '08
 Staff
 Math, Jenna, level annual payments, quarterly payments

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