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What is the future value

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Question - What is the future value of $7,270 in 28 years assuming an interest rate of 9 percent compounded monthly?

What is the EAR if the APR is 6 percent compounded continuously?

You expect to graduate with $17,656 in student loans. The interest rate on your loan is 5.4 percent compounded monthly and the loan calls for fixed monthly payments. If you repay the loan in 26 years how much are you paying in total interest over the life of the loan?

You are to make monthly deposits of $363 into a retirement account that pays 9 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 28 years?

Reference no: EM133057789

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