Question 1) If you borrow $20,000 at the interest rate of 10%, what are the end-of-year payments if the loan is for five years? If the interest rate is 12.5% would the monthly payment be higher/lower
I cant figure out the monthly payments at 12.5%. I have $5,275 a year for the first part
Question 2) If you want to have $800,000 for retirement in 20 years and have only $100,000 saved today, how much do you need to put away at the end of each year until retirement if your assets can earn 8% per year?
Question 3) If a stock is paying $2.50 per year in dividends, and is expected to continue this indefinitely, with a required rate of return of 8% what is the value of the stock