5000 loan today
[DOCX File]mel3e and mel4e - Home
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Jasmine has a loan for $5000 that is due in four years. She wants to pay off her debt early. The creditor is willing to discount the loan at an interest rate of 8% per year, compounded semi-annually. How much would the creditor be willing to accept today?
[DOCX File]Common Sense Economics | What everyone should know …
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Let’s turn to thinking about a car loan. A car loan is repaid (amortized) over a shorter period of time. Now, you are choosing between buying a new or used car. The used car has relatively low mileage and is in good condition. Both vehicles come with good warranties. You can borrow either $15,000 (new) or $5,000 …
[DOCX File]Financial Formula Syntax:
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1. You are investing $5000 into a savings plan today and will make quarterly contributions of $100 per quarter.. The plan pays 6% interest per year compounded quarterly. Write an Excel formula to …
[DOCX File]Financial Formula Syntax:
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.06/12, 3*12, , 5000) also =PV(.06/12, 3*12,0 , 5000) Write an Excel formula to determine the number of years it would take you to pay off a loan for the following: You are buying a Jeep for $23,500 with a …
[DOCX File]Glendale Community College
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Find the interest you pay if you borrow $5000 for 1 year at 43/ 4 %. Note that you need to covert the percent to a decimal.> 2) Find the interest you pay if you borrow $2500 for 3 years at 5.25%. > This …
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