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1 Given an 8 percent return, how long will it take to quadruple your money?

Slide 12 $4 = $1(1.08)^n
4/1 = (1.08)^n
(1.08)^n = 4
n ln (1.08) = ln (4)
n = ln (4) / ln (1.08)
18.01 =LN(4)/LN(1.08)
At 8 percent, it will take 18.01 years to make 4X your investment.

2 Car requires 5K in cash up front and $300 in monthly loan payments for the
Slide 29 next 3 years, starting next month at 3 percent APR, compounding monthly.
How much is the car worth?
0.0025 =0.03/12
36 =3*12
15315.94 =5000 + (300/0.0025)*(1-(1/1.0025)^(3*12))

3 You would like to pay off your 45K loan over 3 years, starting next year.
Slide 35 The loan compounds at 6 percent per year; how much do you pay each year?
Would the payments average to more than $1.25K per month or less?
16834.94 =(45000)*(0.06)/(1-(1/1.06)^3)
1402.91 =(45000)*(0.06)/(1-(1/1.06)^3)/12

4 What is something that you are interested in learning more about in this class?
Is there any topic covered in the syllabus that you are familiar with or curious
about for your own personal reasons (job, internship, family, side gig, etc)

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