### What apr did you receive, if the interest was compounded

Assignment Help Finance Basics
##### Reference no: EM13490506

1.Suppose you invest \$100 in a bank account, and five years later it has grown to \$134.39.

a. What APR did you receive, if the interest was compounded semiannually?

b. What APR did you receive if the interest was compounded monthly?

2.Your son has been accepted into college. This college guarantees that your son’s tuition will not increase for the four years he attends college. The first \$10,000 tuition payment is due in six months. After that, the same payment is due every six months until you have made a total of eight payments. The college offers a bank account that allows you to withdraw money every six months and has a fixed APR of 4% (semiannual) guaranteed to remain the same over the next four years. How much money must you deposit today if you intend to make no further deposits and would like to make all the tuition payments from this account, leaving the account empty when the last payment is made?

3.You make monthly payments on your mortgage. It has a quoted APR of 5% (monthly compounding). What percentage of the outstanding principal do you pay in interest each month?

4.Capital One is advertising a 60-month, 5.99% APR motorcycle loan. If you need to borrow \$8000 to purchase your dream Harley Davidson, what will your monthly payment be?

5.Oppenheimer Bank is offering a 30-year mortgage with an EAR of 5 3 /8%.. If you plan to borrow \$150,000, what will your monthly payment be?

6.You have decided to refinance your mortgage. You plan to borrow whatever is outstanding on your current mortgage. The current monthly payment is \$2356 and you have made every payment on time. The original term of the mortgage was 30 years, and the mortgage is exactly four years and eight months old. You have just made your monthly payment. The mortgage interest rate is 63⁄8% (APR). How much do you owe on the mortgage today?

#### What is the initial project cash flow needed for net working

Brennan's Boats is considering a project which will require additional inventory of \$128,000 and will also increase accounts payable by \$47,000 as suppliers are willing to fin

#### What annual interest rate

What annual interest rate do you have to earn to withdraw \$20 a month from an account with \$1500 in it forever? What annual interest rate do you have to earn to withdraw \$73 a

#### Find the value of the call

This call has two periods to go before expiring.Its stock price is 30, and its exercise price is 25. The risk-freerate is 0.05, the value of u is 1.15, and the value of d is

#### The morgan corporation has two different bonds

The Morgan Corporation has two different bonds currently outstanding. Bond M has a face value of \$30,000 and matures in 20 years. The bond makes no payments for the first six

#### Determine an annual budget and develop a fiscal plan

You have been hired as an executive director of a small nonprofit organization. Among your many duties are to determine an annual budget and develop a fiscal plan for the or

#### What is the current stock price

Beta Corp has an ROE of 15%; has just paid a dividend of \$1.50; a pays 10% of its earnings out in dividends, and the appropriate discount rate is 20%; what is the current stoc

#### What is the projected net income

A proposed new investment has projected sales of \$836,000. Variable costs are 56 percent of sales, and fixed costs are \$187,540; depreciation is \$96,500. Assume a tax rate o

#### What is the current yield for messinger bonds

Messenger, Inc. bonds have a 4% coupon rate with semiannual coupon payments and a \$1,000 par value. The bonds have 11 years until maturity, and sell for \$925. What is the cu