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Homework answers / question archive / 1) A vacation property valued at ?$42,500 was bought for 50 payments of $1790 due at the end of every 6 months

1) A vacation property valued at ?$42,500 was bought for 50 payments of $1790 due at the end of every 6 months

Finance

1) A vacation property valued at ?$42,500 was bought for 50 payments of $1790 due at the end of every 6 months. What nominal annual rate of interest compounded annually was? charged?

 

2) On March 5, 2013, the Dow Jones Industrial Average set a new high. The index closed at 14,253.77, which was up 125.95 that day. What was the return (in percent) of the stock market that day?

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