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45 award 1000 points 46 award 1000 points bob borrows

  • York University
  • ADMS 2500
  • misslisa2
  • 34
  • 100% (32) 32 out of 32 people found this document helpful

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45.Award: 10.00 pointsBob borrows $50,000 from the Mighty Bank today and the Bank requests her to repay her loan infour equal payments along with 12% interest. Each of the four payments must be paid at the end ofthe next three years. What is the amount of each payment? Please round to the nearest wholenumber.
46.Award: 10.00 pointsAlbert borrows $50,000 from the Mighty Bank today and the Bank requests her to repay her loan infour equal payments along with 10% interest. Each of the four payments must be paid at the end ofthe next three years. What is the amount of each payment? Please round to the nearest wholenumber.
47.Award: 10.00 pointsYour grand-mother puts $1,000 per year in a TD Bank account for you. She started doing this tenyears ago to save for a big graduation trip after completion of high school and before startinguniversity. Money is worth 10%. How much is sitting in the TD bank account as of now? Please roundto the nearest whole number.
48.Award: 10.00 pointsNancy borrows $50,000 from the Mighty Bank today and the Bank requests her to repay her loan infour equal payments along with 12% interest. Each of the four payments must be paid at the end ofthe next two years. What is the amount of each payment? Please round to the nearest wholenumber.
49.Award: 10.00 pointsChester borrows $50,000 from the Mighty Bank today and the Bank requests her to repay her loanin four equal payments along with 10% interest. Each of the four payments must be paid at the endof the next two years. What is the amount of each payment? Please round to the nearest wholenumber.
50.Award: 10.00 pointsYour grand-mother puts $1,000 per year in a TD Bank account for you. She started doing this tenyears ago to save for a big graduation trip after completion of high school and before startinguniversity. Money is worth 8%. How much is sitting in the TD bank account as of now? Please roundto the nearest whole number.

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Term
Spring
Professor
Warner
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