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What is the effective annual rate of interest

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1. Suppose you signed a contract for a special assignment over the next 2 years. you will be paid $13,.440 at the end of each year. If your required rate of return is 18% what is this contract worth in today?

2. You need a loan to purchase new equipment. The loan will be paid off over 15 years with payments made at the end of every quarter. If the stated annual rate is 12% and quarterly payments are $325 what is the loan amount?

3. You would like to purchase a care for @29,419. If the car loan is 12% financed over 5 years, what will be the monthly payments be for this car?

4. What is the most that you would pay for an investment that promises to pay $7,047 a year forever with the first payment starting one year from now?

Assume that your required rate of return for this investment is 10%

5. A loan has a stated annual rate of 13%. If loan payments are made monthly and interest is compounded monthly, what is the effective annual rate of interest?

Reference no: EM132813842

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