Take from Major Assignment 2

Take from major assignment 2

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Take from Major Assignment 2or follow instructions belowr Assignment 2, but if you want to retrieve fresh CPI data, here are the website at the link below. for the same month but five years earlier to estimate the price of your trip a Link
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SponsorshipFundraisingPrincipal$22,574.44 Payment100r = APR2.30% r = APR2.20%n = # periods per year12n = # periods per year12t = # of years5t = # of years5Total in 5 years$25,322.88 Total in 5 years$6,336.31Like Topic 6 DQ 1Like Topic 5 DQ 2Population ProjectionCurrent population262,787,403Annual Growth Rate0.83% Projected Population 273875623Like Topic 6 DQ 1County:IndonesiaTotal Cost of Mission:$75,248.13 Birth Rate:15.9Death Rate:6.5Net Migration Rate:-1.1Population:262,787,403Year 2Year 3Birth Rate:42130004247968Death Rate:17222951736591Net Migration Rate-291465-293885Population:267,167,777269,385,270Invest 30% of budget balance for 5 years - CIT Bank$100 monthly for 5 years - CIBC USA
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Loan (remainder of trip expenses, or minimum of $10,000)Principal$43,588.95 $43,588.95 = APR10.66%7.99%n = # periods per year1212t = # of years105Payment$592.08$883.62Total Paid$71,049.53$53,017.08Total interest$27,460.58 $9,428.14Like Major Assignment 1 Loan TabDiscuss the reasons for choosing one loan over the other.ov/library/publicatYear 141783201708118-289066264,968,538Year 4Year 54283226431877717510041765538-296324-298783271,621,168273,875,623Bank A - SmartBiz LoansBank B - Upgrade BankAccording to the information received from the two bank loans (SmartBiz and Upgrade Bankoverall better choice who be Upgrade Bank. This decision is based off the interest rate at 7.99loan (5 years), and the total amount of interest paid during the term of the loan ($9,428.14). Thinterest rate is almost 3% high (10.66%), length of the loan is twice as long (10 years), and the interest paid during the term of the loan is three times as much ($27,460.58). The only benefit Loans is the monthly payment is almost $300 cheaper per month, however, you pay for this sathe life of the loan due to the total amount of interest paid.
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Must be different ratesMust be different yearsk), it is clear the 9%, length of the he SmartBiz Loans' total amount of with the SmartBiz aving throughout
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