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1. Suppose that a $9,800/ acre loan is expected to be fully amortized at 22% over 5 years. Calculate the amount of loan payment per period.
$2,669
$4,387
$3,422
$2,805
None of the answers are correct
2. Suppose that a $3,900/ acre loan is expected to be fully amortized at 25% over 15 years. Calculate the amount of loan payment per period.
$757
$1,347
$808
$1,010
Calculate the value of the following bonds, all of which pay interest annually.
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