What is the amount of each payment

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Problem 1: Janet plans on saving $2,000 a year and expects to earn7.5 percent annually. How much will Janet have at the end of twenty-five years if she earns what she expects?

Problem 2: You borrow $35,000 to buy a car. The terms of the loan call for monthly payments for five years at a 3.9% rate of interest. What is the amount of each payment?

Reference no: EM132902270

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