Consider the 35-year fixed-rate home loan of $184,500 with an interest rate of 7.75%. What is the monthly payment?
?
A. $1,263.51
B. $1,290.61
C. $1,277.06
D. $1,266.56
E. $1,285.88
Answer: C
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Use the compound interest formula to compute the future value of the investment. Round to the nearest cent.$500 at 1.5% compounded daily for 11 years (assume 360 days per year)
A. $500.23 B. $588.97 C. $523.40 D. $589.69
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A. 384? m3
B. m3
C. ? m3
D. ? m3
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