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How much will he have in his account at the end of years

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Q1. What is the future value of $15,000 a year for 27 years at 7 percent interest?

Q2. Bob plans on saying $3.200 a year and expects to earn an annual rate of 5.25 percent. How much will he have in his account at the end of 40 years?

Q3. You are borrowing $28500 to buy a car. The terms of the loan call for monthly payments for 5 years at 4.5 percent interest. What is the amount of each payment?

Reference no: EM132498344

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