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Recent questions tagged interest

Help please How much should you deposit at the end of each month in an IRA that pays 8% compounded monthly to earn $100,000 per year from interest alone, while leaving the principal untouched to be withdrawn at the end of each year after you retire in 30 years?
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Suppose that you decide to buy a car for $55,000, including taxes and license fees. You saved $11,000 for a down payment. The dealer is offering you a choice between two incentives. Incentive Ais S4000 off the price of the car, followed by a five-year loan at 6.55% Incentive B does not have a cash rebate, but provides free financing (no interest) over five years. P nt What is the difference in monthly payments between the two offers? Which incentive is the better deal? Use PMT= The difference in monthly payments between the two offers is $ (Round to the nearest cent as needed.) Which incentive is the better deal? Choose the correct answer below. A. Incentive B is the better deal B. Incentive A is the better deal
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