>> Financial Management
1. A bank quotes you a loan interest rate of 14% on your credit card. If you charge $15,000 at the beginning of the year, how much will you have to repay at the end of the year?
2. Go to the website of a bank of your choice. What kind of quote does your bank post for a CD, and wh.at kind of quote does your bank post for a mortgage? Why?
3. What is the 1-year discount factor if the interest rate is 33.33%?