Finc 3610 - You Estimate That You Will Owe $40,...


You estimate that you will owe $40,300 in student loans by the time you graduate. The interest rate is 4. 25 percent. If you want to have this debt paid in full within ten years, how much must you pay each month?Atlas Insurance wants to sell you an annuity which will pay you $1,600 per quarter for 25 years. You want to earn a minimum rate of return of 5. 3 percent. What is the most you are willing to pay as a lump sum today to buy this annuity?Your great aunt left you an inheritance in the form of a trust.

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