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If this debt will be financed at an interest rate of 15% per year, what annual repayment will be required to repay the debt over a 10-year period?
If you trade in the car at 150,000 miles with new tires then, what is the lump-sum present value of this deal if your personal interest rate is 12% per year?
How much money must they save each year for the next 10 years to afford to send their child to college?
What lump sum of money must be deposited into a bank account at the present time so that $500 per month can be withdrawn for five years.
If the original note (loan) is for $28,000 and interest in 0.5% per month on the unpaid balance, how much will Kris' payment be?
If you purchase a new automobile that averages 30 mpg, how much extra money can you afford, based on fuel savings, to invest in the new car?
How many years will your $100,000 last in view of these withdrawals? (Hint: It is longer than 10 years!)
How many years will it take to completely deplete the account? How long will it take if the account earns 8% interest per year instead of 6%?
How many months will it take to repay the $3,500 balance, assuming monthly payments of $100 are made and no additional expenses are charged to the credit card?
The first payment was made at age 25. If the annual interest rate is 10%, how much accumulated interest and principal will they have at age 65?
If Lisa's bank account pays 3% per year, what annual amount of $A will Lisa need to invest in her bank account to achieve her retirement goal?
What is the present equivalent of the overhaul expenses at time 0? What is the annual equivalent expense during only years 5-13?
The expected life of the bridge is 30 years. If i = 6% per year, what is the equivalent uniform annual expense over the entire 30-year period?
What is the future equivalent worth of your Social Security savings when you retire at age 65 if the government's interest rate is 6% per year?
Draw a cash-flow diagram from the father's viewpoint. If the quarterly percentage rate is 2%, what is the value $X that must be deposited into the account?
How much money will Baby have saved when she is 65 years old (after 15 years of saving)? The interest rate is 7% per year.
John has just graduated from State University. What will be John's monthly payment over the 60-month repayment period?
If the planning horizon is 15 years, what is the total annual equivalent expense for operating and maintaining the furnace? The interest rate is 18% per year.
If the annual interest rate is 15%, is the cost of the proposed amount of insulation justified?
The heat loss through the exterior walls of a certain poultry processing plant is estimated. What would you recommend if the interest rate is 10% per year?
Why is this a good investment? Assume that the investment occurs at time zero (now) and that the annual income is first received at EOY one.
What is the value of G if the interest rate is 0.5% per month? What is the equivalent uniform monthly payment?
How much could you afford to spend for a higher quality heat exchanger so that these annual replacement and downtime costs could be eliminated?
What is the worth of Jay's account at age 60 when the annual interest rate on Jay's account is 4% per year?
An amount, P, must be invested now to allow withdrawals of $1,000 per year for the next 15 years and to permit $300 to be withdrawn. Draw a cash-flow diagram.