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Calculating Interest Rate Answers
1. Total interest charged: $1,800.
2. Total amount owed: $7,446.58.
3. Yield to maturity: 5.26%.
4. Interest earned in one year: $20.
5. Interest charged for one month: $30.
6. Monthly payment: $361.35.
7. Total amount earned: $4,010.38.
8. Total interest charged: $1,478.63.
9. Monthly payment: $1,193.54.
10. Present value of annuity: $47,042.45.
11. Total amount owed: $64,586.15.
12. Yield to maturity: 4.77%.
13. Monthly payment: $212.09.
14. Total amount earned: $122.99.
15. Interest earned in 5 years: $202.71.
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