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What is the present value of $250 to be paid in two years if the interest rate is 15% 2 If Pete borrows $100 from his sister and next year she wants $110 back from him, what is the yield to

1. What is the present value of $250 to be paid in two years if the interest rate is 15%?

2. If Pete borrows $100 from his sister and next year she wants $110 back from him, what is the yield to maturity on this loan?

3. You decide to purchase a new home and need a $100,000 mortgage. You take out a loan from the bank that has an interest rate of 7%. What is the yearly payment to the bank to pay off the loan in 20 years?

Jun 18 2020 View more View Less

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