For each question please include the values for the time periods, the annual interest/discount rate,...
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Finance
For each question please include the values for the time periods, the annual interest/discount rate, the payment amount, the Future Value, and the Present Value.
1. Calculate the monthly payment for a home loan of $100,000 financed at 7% over 30 years
2. Calculate the monthly payment for a home loan of $150,000 financed at 6 3/4% over 15 years
3. Calculate the number of years it will take $100,000 to grow to $5,000,000 assuming an annual rate of return of 18%, compounded monthly.
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