What would be your monthly payment

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Reference no: EM13752950

1) If you were to borrow 9,600 over five years at 0.14 compounded monthly, what would be your monthly payment?

2) your uncle promises to give you $600 per quarter for the next five years. How much is his promise worth right now if the interest rate is 0.05 compounded quarterly

Reference no: EM13752950

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