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A: Graph no. 7 and 12 (both are same) best fit for this article
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- Discuss and illustrate the different types of annuity.1. Mr. Robles got a $1500.00 loan for 2 years. He paid $80 in interest. What was the interest rate?Calculate the table factor, the finance charge, and the monthly payment (in $) for the loan by using the APR table, Table 13-1. (Round your answers to the nearest cent.) AmountFinanced Number ofPayments APR TableFactor FinanceCharge MonthlyPayment $700 18 16% $ $ $
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- of the present value of The present value of a fixed-payment loan is calculated as the all cash flow payments. Select one: a. log b. sum c. multiple d. differenceA grandfather gave his grandchild $100 for his 10th birthday. The child’s parents talked him into putting this gift into a bank account so that when he had grandchildren of his own he could give them similar gifts. The child lets this account grow for 50 years, and it has $100,000. What wasthe interest rate of the account?Whenever the interest charge for any interest period (a year, for example) is based on the remaining principal amount plus any accumulated interest charges up to the beginning of that period, the interest is said to be: a. effective interest b. compound interest c. simple interest d. nominal interest e. none of the choices