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A company wants to make a single deposit now so it will have $56,476 five years from now. If the account will earn interest of 10% per year, the amount that must be deposited now is nearest to 10 points Save Answer QUESTION 5 Calculate the amount of interest on an investment of AED 160,425 at 8% simple interest for 4 years.
QUESTION 6 Muhammad takes out a loan of $ 3,603, at 8% simple interest, for 4 years. How much will he pay back at the end of year 4? 15 points Save Answer QUESTION 7 What is the present value of annual $3,404 payments over the upcoming 5 years on an interest rate of 10%?
May 03 2021 View more View Less
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