A father set aside money for his 8 year old daughter\'s future education, by mak

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A father set aside money for his 8 year old daughter's future education, by making monthly deposits to bank account that pays 6% per year compounded annually. What equal monthly deposits the father make---the first 1 month after her 9th birthday and the last on her 17th birthday---in order for her to withdraw $7500 on each of her next four birthdays (18th through the 21st)? evaluate (F/P, 15% 44) Use linear interpolation to determine the value of n corresponding to A/G = 9.0000 if i=7% per year compounded annually. What will be the monthly payment on a 30-year, $550,000 mortgage loan, where the interest rate is 6% per year compounded monthly? What is the annual interest rate corresponds to a nominal interest rate of 12.50% compounded continuously?

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