Yearly earnings for a person
Problem:
What would the yearly earnings for a person with $8000 in savings with an annual interest rate of 2.5%? Describe in detail and provide explanation
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How much will Maria need to set aside and invest each year in order to accumulate $100,000 in 10 years; assuming an interest rate of return of 6%? Show your all work.
What is the approximate yield to maturity? Please provide all calculation.
GE Capital has just issued a $250,000 par value bond that has 15 years till maturity. The bond pays $2,700 a year in interest and is selling for $209,500.
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