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What is felices internal rate of return

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Reference no: EM132493251

Question 1: A financial institution quotes a rate of 6.01 percent compounded monthly. What is the effective rate for the year? (Do not round intermediate calculations, round answer to two decimals, i.e. 123.45)

Question 2: Felice Navidad purchases 2,000 shares of NOW Technology stock at $6 in Christmas 6 years ago. In Christmas of 2019 she sells the stock at $25 per share. What is Felice's internal rate of return?(Do not round intermediate calculations, round answer to two decimals, i.e. 123.45)

Question 3: Mr. Bates is creating a college fund for his daughter. He will put in $1340 at the end of each year for the next 14 years. He expects to earn 7.24% annually. How much money will his daughter have in her college fund? (Do not round intermediate calculations, round answer to four decimals, i.e. 123.45)

Question 4: Calculate the monthly mortgage payment made at the beginning of each month on a $124,000 mortgage. The mortgage is for fifteen years and the interest rate is 6.1 percent. (Do not round intermediate calculations, round answer to four decimals, i.e. 123.45)

Reference no: EM132493251

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