ACTSC371 Quiz: Practice Questions-Tutorial 371
5 Oct 2018
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Fall 2018: on january 1, 2010 sally buys an annuity that will pay ,000 a month for 20 years, with the first payment due to arrive on january 31, 2010. If the interest rate is j12 = 6%, how much does she pay: john buys a car that costs ,000, paying ,000 down and the balance via a car loan. The lender requests monthly payments to be made over 4 years at a rate of j12 = 9%. What is the amount of his payment: rachel buys a computer for down and per month for the next 3 years. He would like the scholarship to be paid annually, and beginning at the end of the 8th year, he would like the amount of the scholarship to double.
