An annuity pays $1500 weekly for 4 years and then $4100 weekly for the next 7...

An annuity pays $1500 weekly for 4 years and then $4100 weekly for the next 7 years. Determine the discounted value if the interest rate is j52=7.9%. *Do not round intermediate steps*

Charlie borrowed $112000 today. The interest rate on the loan is j1=4.3% for the first 5 years, then it changes to j1=7.2% thereafter. To repay the loan, Charlie makes yearly payments of R dollars (in the end of year) from year 3 to year 11. What is R? *Do not round intermediate steps*

Expert Solution

ekkarill92 answered 2 years ago

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