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If he makes payments of $45 per month and the interest rate is 18% compounded monthly, how long will it take to pay off the loan?
Thirty-year loans are available at 12% interest with monthly payments. If she can make a $5000 down payment, what is the most expensive house Maria can afford?
What is the monthly payment for a 3-year new car loan when nominal interest rate is 12%? After rebates, down payments and other charges and the amount borrowed.
Paul Randolph, a first-round NFL draft selection, signs a contract that pays him $750,000 for signing. How much will Paul have at the end of 2 years?
Johnny B. Good wishes to have $3000 after 3 years in an account that draws 6% nominal interest. How much must he deposit each month, starting in 1 month?
The firm's interest rate is 8%. What is the present worth if the license is issued at the end of year 3? Year 5? Year 10?
Summarize the assumptions and costs in a report. Draw a cash flow diagram for the life-cycle of the new car.
Many mortgages are computed using a 360-day year, and all months are assumed. What is the effective interest rate if the nominal interest rate is 8.375%?
It plans to accumulate the necessary funds by making equal monthly deposits into a bank fund that earns 3/4% per month. What is the monthly deposit?
To buy a new automobile, Brian Williams takes out a loan of $12,000 at 6% interest with monthly payments over 5 years. How much is each monthly payment?
Find the exact rate required to double an investment in 6, 8, 9, 12, 18, and 24 years, and compare this with the approximate rule of 72's rate.
The local loan shark will loan a person $1000 if person agrees to repay the loan. What is the nominal interest rate on this loan? The effective interest rate?
If the nominal interest rate is 18%, what does he owe after 4 months? Assume charges become effective at the end of the month.
Develop the data, analyze the problem, and recommend a choice between travel by (1) private car, (2) university vehicle, and (3) a rental vehicle.
What legislation or programs may have major impacts within the next 3 to 5 years? How can the size of that impact be estimated?
Provide guidance for a new engineer for each step of the decision-making process. For example, what criteria, what alternatives, etc., should be used?
Hotel costs are $100 per night. Compare the economics with reasonable assumptions for meal expenses. What irreducible may dominate the decision?
The two generator solution has slightly higher maintenance costs, but it is more flexible and reliable. Which alternative would you recommend and why?
There is no convenient gym at the new location. What costs and irreducible are relevant to your decision making? What decision do you recommend?
The brass pump of Problem 1.9 would cost $5000 installed. How much would George save or spend by using the stainless-steel pump?
George has just finished the cost analysis of a brass pump with and without an interior coating. If not, what has George done wrong?
On December 31, 2007, the investor sold the stock for $1740, terminating his 5-year investment in XLA Corporation. What rate of return did he receive?
Draw the cash flow diagram if Strong Metalworking repays a $100K loan with five annual payments. Each payment includes one-fifth of the principal.
Draw the cash flow diagram if Strong Metalworking borrows $100K to be repaid in 5 years. The interest rate is 11%, and the only payment is at the end of year 5.
Mary Tipton is buying an auto that costs $12,000. She will pay $2000 immediately and the remaining $10,000 in four annual. Prepare a cash flow diagram.