What would be the effective annual rate for this loan

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1. Suppose a firm has had the following historic sales figures. Year: 2009 2010 2011 2012 2013 Sales $ 2,560,000 $ 3,800,000 $ 4,310,000 $ 4,960,000 $ 5,610,000 What would be the forecast for next year’s sales using regression to estimate a trend?

2. You take a 30-year mortgage loan at the rate of 12% p.a. The loan amount is $100,000 and the repayment has to be through equal monthly installments. What would be the Effective annual Rate (EAR) for this loan? What will be the monthly installment? What would be the outstanding loan balance after 15 years?

Reference no: EM131865838

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