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True or False 1. It takes longer than eight years to retire a $24,000 loan at 8% if the annual payment is $3,000. (T) 2. An annuity of $100 for ten years is currently less valuable if interest rates are 10% instead of 12%. (F) 3. If a person buys a stock for $10 and sells it after ten years...
It takes longer than eight years to retire a $24,000 loan at 8% if the annual payment is $3,000. True  2. An annuity of $100 for ten years is currently less valuable if interest rates are 10% instead of 12%. False 3. If a person buys a stock for $10 and sells it after ten years for $20,...
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