23 - What is the total amount of money to be repaid at the end of 5 years for a loan of 200 000 lira withdrawn from the bank for housing need with an annual compound interest of 15%? A) 405 500 B) 403 521 C) 401 700 D) 399 003 E) 402 271

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A: Principal=$45,200i=9% (compunded monthly)Number of installment=16Period=8 yearsInstallment…

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A: The interest rate is 4.9% annually. Periodic payment is $8000 Time period 6 monthsPaid for 9 years.

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A: Given interest rate = 6 % compounded annually future worth = cashflow / (1 + rate)^time

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A:

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A: Deposit = P5,000 Interest = 8%

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A: Present value is the value of investment in today's dollar.  Future value is the value of investment…

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