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Jerome deposited $5,000 into an 18-month CD that earns a simple interest rate of 2 1/4%. How much will his CD be worth at maturity?
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- José borrowed 8100 at 5 1/2% for  three years compounded, semi am annually. What is the future value of the loan and how much interest will he pay on the loan?Manuel Rios wishes to determine how long it will take an initial deposit of $10,000 to double. If Manuel earns 10% annual interest on the deposit, how long will it take for him to double his money? How long will it take if he earns only 7% annual interest? c. How long will it take if he can earn 12% annual interest? Reviewing your findings in parts a, b, and c, indicate what relationship exists between the interest rate and the amount of time it will take Manuel to double his money. How do i work this out by hand not through excel?A man purchases a bond for $900. The bond has a face value of $1,000 and pays semi-annual interest payments of $50 each. If the bond is paid in full after 10 years, what annual rate of return will the man receive?
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