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1. Determine what is the future value of $20 a week for 10 (ten) years at 6 percent interest? Assume the first payment takes place at the end of this week.
2. Kristina started setting aside funds 3 years ago for the reason to save for a down payment on a house. She has saved $900 every quarter and earned an average rate of return of 4.8 percent. Calculate How much money does she currently have saved for her down payment?
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Determine how much of a total loan payment applies towards principal and how much applies towards interest for a home mortgage of $177,219 with a fixed APR of 7.5% of 20 years
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Define and explain the credit multplier
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