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1.An investment will give you monthly payments of $729.16 for 6 years. You will receive your...

1.An investment will give you monthly payments of $729.16 for 6 years. You will receive your first payment today. If your required return is 9.6%, what is it worth today? ANS:40109.30?

2.You have accumulated $1,188.67 in credit card debt. Your interest rate is 18% per year and you will pay it off in 55 months. what will be your monthly payment?

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