If you borrow $100 at 10 percent simple annual interest and repay it in one lump sum at the end of one year, how much you will have to pay?
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- You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years. Which table will help you determine the value of your account at the end of 12 years? A. future value of one dollar ($1) B. present value of one dollar ($1) C. future value of an ordinary annuity D. present value of an ordinary annuitywhat is the present value of a loan that calls for the payment of $500 per year for six years if the discount rate is 10 percent and yne forst payment will be made one year from now ? how would your answer change if $500 per year occured for ten years ?If you borrow $9,000 and agree to repay the loan in six equal annual payments al an interest rate of 10%, what will the annual payment be? What if you make the first payment on the loan at the end of second year?
- Suppose you are going to receive $5,000 per year for 8 years. The appropriate interest rate is 10 percent. What is the present value of the payments if they are in the form of an ordinary, a. anhuity? b. What is the present value if the payments are an annuity due?Suppose you put $ 600 a month for retirement into an annuity earning 7.5% compounded monthly. If you need $ 550000 to retire, in how many years will you be able to retire?Suppose you are going to receive $10,000 per year for 5 years. The appropriate interest rate is 11%. What is the present value of the payments if they are in the form of an ordinary annuity?
- You've been offered a loan of $10000, which you will have to repay in 10 equal annual payments of $2000, with the first payment due one year from now. What interest rate would you pay on that loan?Suppose you invest in an annuity that pays 5% interest, compounded semiannually. How much will you need to invest, semiannually, to reach a savings goal of $500,000 at the end of 25 years?C) What is the present value of $7,500 per year, at a discount rate of 8.5 percent, if the first payment is received 10 years from now and the last payment is received 25 years from now?You have signed up for your 401k and will deposit $750 into your 401k when you are paid at the end of each month. If you earn a compound annual rate of return of 6%, how much will you have in 15 years?What would your monthly car payment be if you financed a $35,000 car for 3 years at a rate of 6%?The appropriate discount rate for the following cash flows is 12 percent compounded quarterly. What is the present value of the cash flows? Year 1 CF=700, Year 2 CF=600, Year 3 CF=0, Year 4 CF=1000
- If you were to borrow $9,400 over five years at 0.10 compounded monthly, what would be your monthlypayment?If you borrow $1700 and agree to repay the loan in sux equal annual payments at an interest rate of 11%, what will your payment be? what will your oayment be if you make the first payment on the loan immediately instead of at the end of the first year?Suppose that you have good credit and can get a 30-year mortage for $100,000 at 5%. What is your monthly payment. After computing the monthly payment, create an amortization schedule for the first three payments of the problem.
