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1. Compute the time it takes to save $10,000 if you know you can save $300 per month in a bank account paying 10 percent interest.
2. Compute the amount of money you need to invest today to have a balance of $10,000 10 years from now in a bank account expected to earn 10 percent interest.
3. You are saving $300 per month in a 5% account and want to know how much you will have for retirement.
4. You take out a mortgage of $200,000 for your house at 4% for 30 years. You want to compute your monthly P&I payment (principal and interest).
Compute the interest rate on the loan lent compare the Bank deposit the interest earned and Calculate the interest rate earned on the savings account for six months
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