Find the present value of annuity due

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Reference no: EM132072296

1. For a credit card with a balance of $10,500 and an interest rate of 21.99% (monthly compounding, charged on the outstanding balance each month), how much total interest will you pay over the repayment period if your payment each month is $245?

2. Find the Present value of an ANNUITY DUE (i.e. payments are at the beginning of the period). It is 9 years, 8% and the payments are $1,000.

3. The banking acts of the 1930s are considered landmark legislation in US Banking history. What did these laws do? What problems were they meant to solve?

Reference no: EM132072296

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