You have just purchased a home by borrowing $400,000 for 30-years at a fixed APR of 3.87%. The loan payments are monthly and interest is compounded monthly. a. What is the periodic...

You have just purchased a home by borrowing $400,000 for 30-years at a fixed APR of 3.87%. The loan payments are monthly and interest is compounded monthly. a. What is the periodic...

I picked out the car and everything and it showed me the highest and lowest payment plan, but I am not sure how to go about calculating the interest and the rest of the question if I don t know (or...

You figure that you can earn 10% a year (In other words r = 10%). What is the $30,000 worth to you in today’s dollars?

You want $1,000 in 4 years. Your father will give you $400 one year from now (year 1) to help you out. In addition to your father's money, you plan to make payments every 6 months at 8% until you...

Sally invests $4000 in a savings account which compounds interest monthly. After 10 years, she has a balance of $4,614.53. What is the annual interest rate of the account, rounded to the nearest 0...

A one-year loan of $5000 is taken out at a discount rate of 5%. The borrower receives: (a) $4750 (b) $5250 (c) $5000

Somebody makes you the following offer-they will give you $500 per month, (at the end of each month), for the next five years if you pay them back $500 at the end of each month for the following ten...

What is the present value present value of 150,000, 10 years from now, at an APY of 3%

What is the present value present value of 10,000, 4 years from now, at an APY of 5%

A colleague of mine feels that he will need $1 million in savings to afford to retire at age 65 and still maintain his current standard of living.? A younger colleague, age 30, decides to begin saving...

Suppose that you want to save up $2000 for a semester abroad two years from now. How much do you have to put away each month in savings account that earns 3% interest compounded monthly?

Suppose that you want to save up $2000 for a semester abroad two years from now. How much do you have to put away each month in savings account that earns 2% interest compounded monthly?

Suppose that you have an investment that earns 0% in the first year, 10% in the second yea a. what rate of interest, compound annually, would yield the same return after two years? b. what...

you have 1000 on a deposit at your bank at an annual rate of 1.2%. how much interest do you recieve after one year in the bank compounds a. continuously? b. daily, using 365 days in a year?

The rule of 72 is a rule of thumb for finding how long it takes money at interest to double:? If r is the annual interest rate, then the doubling time is approximately 72/(100r) years. (a)...

I have an independent retirement account with first community credit union of beloit wisconsin which currently pay dividends at .75% per year, compounded monthly for accouts with balances up to 2000...

you deposit 1000 at 2% per year in a money market account. what is the balance at the end of one year and what is the annual shield if the interest is a. simple interest? b...

Janet Yellen announces that next month the Federal Reserve is going to start selling treasuries and purchasing short term treasuries. What will this action do to the yield curve you actively manage...

full pay. For a professor earning $75000 per year who works for a total of 42 years, what is the present value of the amount she will earn while on sabbatical if the interest rate is 9%. EAR.

I know that there will be 2 periods because 2*18 is 36

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