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At the end of 3 years the stock was sold for $25,000. What was the rate of return on the investment?
A table saw costs $175 at a local store. If you choose the time payment plan, what nominal annual interest rate will you be charged?
To check their calculations, compute the annual rate of return. Why is your computed rate of return less than 100%?
How long does it take to pay off the mortgage, if double payments are made? How long does it take to pay off the mortgage, if $1000 per month is paid?
What is the monthly payment? After the first year of payments, what fraction of the loan has been repaid?
At a 12% annual interest rate compounded monthly, how many $840 payments will be required?
To reduce her personal carbon footprint, Zooey is buying a new Ford Escape hybrid. Prepare a payment schedule for the first three months of payments.
How much is their monthly loan payment? How much interest will they pay in the second payment?
The third through sixth payments are $1500 greater than the first two. Determine the size of the payments.
The payment plan is 25% down, and the balance 2 years from now. If the transaction interest rate is 12% per year, what are the two payments?
How much should a new graduate pay in 10 equal annual payments, starting 2 years from now, in order to repay a $30,000 loan he has received today?
What uniform deposits starting 3 years from now and continuing through year 16 are needed, if the account earns 6% interest?
At the end of 8 years, the equipment was sold for $40,000. Assuming interest at 8%, did the equipment purchase prove to be desirable?
If 15% is an appropriate rate of return, what annual benefit is needed to justify buying the heat exchanger unit?
Compute the equivalent uniform annual cost during the 4 years the device was used. Assume interest at 10% per year.
Assuming 15% nominal interest, compounded continuously, what annual sum must he set aside?
How much would an engineer need to save each month to become a millionaire by the end of her working career?
If the annualinterest rate is 7% compounded semiannually, how much is each payment?
What is Bill Anderson's monthly payment to pay off the loan on the car? Why is Doug's monthly savings account deposit smaller than Bill's payment?
n oil refinery must now begin sending its waste liquids through a costly treatment process. Determine whether the Hydro-Clean offer should be accepted.
Use an annual cash flow analysis to determine whether the new machine should be purchased.
How many miles must each salesperson drive each year for it to be economically practical for the firm to provide the cars? Assume a 10% annual interest rate.
Why Should Al refinance the loan, assuming that he will keep the house for the next 15 years? Use an annual cash flow analysis in working this problem.
Determine the equivalent uniform annual cost (EUAC) for the new pipeline. Should the new pipeline be built?
If interest is 8%, is it economical to install and operate the baler? Would you recommend that the baler be installed?