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Determine the annual interest rate will need to meet

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Problem 1: Determine the present value of a financial instrument that pays $ 18,500 in 10 years if instruments of similar risk pay 6% per year.

Problem 2: Calculate the future value (FV) of a $ 5,000 investment at an interest rate of 10% over 7 years

Problem 3: Determine the interest rate you will pay, if you are approved for a loan for $ 112,000 with annual payments of $ 15,000 over 8 years.

Problem 4: Reynaldo Sepúlveda is retiring in 20 years and currently has savings of $ 125,000. Reynaldo thinks he will need $ 650,000 at the beginning of his retirement and has no additional funds saved. Determine the annual interest rate you will need to meet your goal

Reference no: EM132837401

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