How much will you have to repay at the end of the year
Course:- Financial Management
Reference No.:- EM131234052

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1. A bank quotes you a loan interest rate of 14% on your credit card. If you charge $15,000 at the beginning of the year, how much will you have to repay at the end of the year?

2. Go to the website of a bank of your choice. What kind of quote does your bank post for a CD, and wh.at kind of quote does your bank post for a mortgage? Why?

3. What is the 1-year discount factor if the interest rate is 33.33%?

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