# Finance Problems 2

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xxx xx $10,000

xxxxxxxxx xxx

Time 5 xxxxxx

**x** = xxxxxxxxx amount xxxx xxxxxxx amount you borrow or xxxxxxxx

**r** = xxxxxx xxxx of interest (as x decimal)

**x** x number of years the xxxxxx xx deposited xx xxxxxxxx xxxx

**A** x amount xx xxxxx accumulated after x xxxxxx including xxxxxxxxx

**n** = xxxxxx of times xxx interest is compounded xxx xxxx* *

A= xxxxxxxxxxxxxxxxxxxxxxxxxxx

xxxx

5000 x p(1+0.07)^20=(1.07)^20=3.87

xx 5000/3.87= 1292.

xxxx

xxxxxxxxx = xxxxxxxxxxxxxxx

1,000,000/250,000 xxxxxxxxx

4= (1+r)^18

Taking 18 root on both xxxxx

xxxx x xxx

xxxx

5.4 ) xxxxxxx xxxxx xxxx x

x£ xxxx = xxxx x xxxxxxxxxx

xxx x xxxxxxx = xxxxxxxxx

(1.065)n x xxxxxx (i)

xxxxxxx xx x = 11

xx xxxx

xxx n x xxx xxx xxxx hand side in xxxxx equation xxx xx approximately xxxxx xx xx Hence xxx

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