1. A bank offers savings accounts with high interest rates to its customers. a. If the bank advertises it pays 3.90% annual interest (APR) on savings accounts, with the interest compounded daily, what is the effective annual interest rate? b. If you put $5,000 in the savings account, and it has grown to $5,400 at the end of six months, what was the APR and APY? Assume monthly compounding.

Find each year saving as well!!!

Q. 1

Cash Flow is based on the notion that a dollar paid in the future is less valuable than a dollar paid today. Part 2 The present value of a loan in which $1000 is to be paid out a year from today with the interest rate equal to 5​% is $. ​(Round your response to the neareast two decimal​ place) Part 3 If a loan is paid after two​ years, and the amount $7000 is to be paid then with a corresponding 7​% interest​ rate, the present value of the loan is ​$. ​(Round your response to the neareast two decimal​ place)

Cash Flow is based on the notion that a dollar paid in the future is less valuable than a dollar paid today. Part 2 The present value of a loan in which ​$1000 is to be paid out a year from today with the interest rate equal to 5% is $.​(Round your response to the neareast two decimal​ place) Part 3 If a loan is paid after two​ years, and the amount ​$7000 is to be paid then with a corresponding 7​%interest​ rate, the present value of the loan is $.​(Round your response to the neareast two decimal​ place)

a. What is the effective annual interest rate if the nominal annual interest rate is 10%, compounded quarterly? b. What is the effective annual interest rate if the nominal annual interest rate is 10%, compounded monthly? c. What is the effective annual interest rate if the nominal annual interest rate is 10%, compounded daily? d. What is the effective annual interest rate if the nominal annual interest rate is 10%, compounded continuously? e. At what compounding period does the effective annual interest rate very closely approximate continuous compounding? (Consider to the nearest 0.0001)

What would be the yearly and monthly amount for all  If monthly net income is 3,732 Gross monthly income is $72,000 yearly income $6,000

2. You will keep $1,000 in savings for one year. What is the EAR of each of the following saving accounts? And, which savings account should you choose? a) Savings account with 16% return compounded annually

An investor can invest money with a particular bank and earn a stated interest rate of 4.40%; however, interest will be compounded quarterly. What i are the nominal, periodic, and effective interest rates for this investment opportunity? Interest Rates Nominal rate Periodic rate Effective annual rate Rahul needs a loan and is speaking to several lending agencies about the interest rates they would charge and the terms they offer. He particularly likes his local bank because he is being offered a nominal rate of 4%. But the bank is compounding bimonthly (every two months). What is the effective interest rate that Rahul would pay for the loan? ○ 3.945% 4.152% 4.067% 04.186 % Another bank is also offering favorable terms, so Rahul decides to take a loan of $12,000 from this bank. He signs the loan contract at 5% comanded daily for 12 months. Based on a 365-day year, what is the total amount that Rahul owes the bank at the end of the loan's term? (Hint: To calculate the number of days,…

Calculate the table factor, the finance charge, and the monthly payment (in $) for the loan by using the APR table, Table 13-1. (Round your answers to the nearest cent.) AmountFinanced Number ofPayments APR TableFactor FinanceCharge MonthlyPayment $700 18 16% $  $  $