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We Cheat U Loans offer to loan you $6,000 at 6% simple interest for a five-year period. In order to make it easier for you to pay, they take each year’s interest of $360 and add it to the $6,000 principal to get $7,800 ($6,000 + 5 x $360). Then, they spread this evenly over the sixty months to get your monthly payment of $130.00 ($7,800/60).
a. What is the APR of this loan; and
b. What is its EAR?
you are to select one business thatdoes not alreadyhave a websiteand develop an internet strategy for it. most large
dear sir madam ltbrgt ltbrgtcan you please provide me the attached solution plagiarism free. looking forward to hear
Calculate the NPV if you sell the old machine and buy new machine A. (Round up to the nearest dollar amount. DO NOT use $, commas, or decimal points) (Example $23,345.50 is entered as 23346)
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To get the money for this payment, you will make 5 equal deposits, beginning today and for the following 4 quarters, in a bank that pays a nominal interest rate of 8% with quarterly compounding.
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