Reference no: EM13767600
1. Effective interest rate
You borrow $240,000; the annual loan payments are $36,552.05 for 30 years. What interest rate are you being charged? Round your answer to two decimal places.
2. Future value for various compounding periods
Find the amount to which $300 will grow under each of these conditions:
7% compounded annually for 8 years. Round your answer to the nearest cent. $?
7% compounded semiannually for 8 years. Round your answer to the nearest cent. $?
7% compounded quarterly for 8 years. Round your answer to the nearest cent. $?
7% compounded monthly for 8 years. Round your answer to the nearest cent. $?
7% compounded daily for 8 years. Round your answer to the nearest cent.
$??
1. Present value for various discounting periods
Find the present value of $800 due in the future under each of these conditions:
15% nominal rate, semiannual compounding, discounted back 10 years. Round your answer to the nearest cent.
$
15% nominal rate, quarterly compounding, discounted back 10 years. Round your answer to the nearest cent.
$
15% nominal rate, monthly compounding, discounted back 1 year. Round your answer to the nearest cent.
$
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What do you see as the top three most important trends
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Formulate a nonlinear program representing the profit
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Future value for various compounding periods
: You borrow $240,000; the annual loan payments are $36,552.05 for 30 years. What interest rate are you being charged? Round your answer to two decimal places. Find the amount to which $300 will grow under each of these conditions:
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The intrinsic and extrinsic factors
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The purpose of the term project is to explore an it
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Finding the required interest rate
: Your parents will retire in 20 years. They currently have $320,000, and they think they will need $2,500,000 at retirement. What annual interest rate must they earn to reach their goal, assuming they don't save any additional funds? Round your answer..
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