12. Pam promises to pay Sandy $4,000 in year 4 and another $6,000 in year 8 for a loan of $4,000 from Sandy today. What is the ROR that Sandy is getting? Assume interest is compounded monthly

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A: Given: Future value FV = $150000 Payment at the beginning of each month "PMT" = $1000 Interest rate…

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A: Given:

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A: A down payment is an early stage payment made for a particular good purchased through financing.

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Q: what was Joe's initial investment assuming the account will be depleted at the end of year 25

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