What would total interest expense be

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Problem 1. What is the future value of $100,000after 3 years if it earns 26% annually

Problem 2. What is the present value of $20,000 to be received in 3 years if the annual interest rate is 8%

Problem 3. What annual interest rate would cause $1000 to grow to $2000 in 9years

Problem 4. You have $60,000 to put as a down paymebt on a new house that costs $980,000 and you have been quoted the following terms: 5% Annual Percentage Rate(APR), for 30 years. If you decide to purchase this home, what will your monthly payment be? Additionally, over the life of the loan what would your total interest expense be?

Reference no: EM133000599

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