Question

How much is your loan amount today if you are going to repay using 8 equal...

How much is your loan amount today if you are going to repay using 8 equal quarterly
payments of $200 with annual interest of 12 percent but assuming quarterly compounding?
$1403.93

Bob has $5,000. He expects to earn 7.5% on his invested funds. How much could he withdraw at the end of each of the next 10 years and end up with zero in the account?
$728.43

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