Computing annuity, Computing annuity payment: John Harper

Computing annuity

Reference no: EM1329777

1. Computing annuity payment: John Harper has borrowed $43,000 to pay for his new truck. The annual interest rate on the loan is 4.5 percent, and the loan needs to be repaid in five years. What will be his annual payment if he begins his payment beginning now?

2. Given the returns for two stocks with the following information, calculate the covariance of the returns for the two stocks.

Prob Stock 1 Stock 2

0.5    0.11 0.18
0.3    0.17   0.15
0.2    0.19   0.12

Reference no: EM1329777

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