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A person has made an arrangement to borrow $1,000 now and another $1,000 two years hence. How much will be repaid as a lump-sum amount at the end of four years?
Mary's credit card situation is out of control because she cannot afford to make her monthly payments. Is the company's claim correct?
How many months does it take for a present sum of money to triple if the nominal interest rate is 12% per year and compounding is monthly?
If monthly compounding is in effect, what is the effective annual interest rate being charged by the bank?
How much money will you and your parents have to deposit in a mutual fund account one year prior to your freshman year to pay for your tuition for the 4 years.
What is the compounded future value of Amy's 401(k) plan if it earns 7% per year?
An electronic device is available that will reduce this year's labor costs by $8,000. What is the maximum amount that we could justify spending for the device?
What is P0 for the geometric gradient series? What is P'0 of the uniform (arithmetic) gradient of cash flows? What is the value of G?
Five years after the last deposit, the accumulated money is withdrawn from the account. How much is withdrawn?
Juan deposits $5,000 into a savings account that pays 7.2% per year, continuously compounded. What is the effective annual interest rate?
Calculate the compounded future value of 20 annual payments of $5,000 each into a savings account that earns 6% per year.
If the loan will be repaid in full in five years, what is the difference in total interest accumulated by these two types of student loans?
But if you contribute faithfully each week into this account, how much money would you have saved through the compounding of interest by the end of 15 years?
How much interest is payable each year on a loan of $2,000 if the interest rate is 10% per year. How much interest will be paid over the eight-year period?
Today (year 0) the equivalent worth of this engine is how much if the interest rate is 9% per year?
You have just invested a one-time amount of $5,000 in a stock-based mutual fund. How much will your investment be worth in 35 years?
How much of the annual payment is interest, and how much principal is there in each annual payment?
Because you are part of the family, you are only being charged simple interest at the rate of 0.5% per month. How much will you owe after 6 months?
What is the revised cost reduction percentage? If the oil costs $1.08 per quart, what is the maximum acceptable price for the Type Y filter?
What cost factor is the per unit de manufacturing cost most sensitive to and why? What is the maximum economical price for the controller? Ignore interest.
What other cost factors might you include in such an economic analysis? At how many miles driven per year does Car A become preferable to Car B?
What is the estimated cumulative average material cost per square foot for the first five homes?
If interest was repaid as a lump sum, what interest rate was paid on the construction bonds?
A piece of airport baggage handling equipment can be purchase for $80,000 cash or for $84,000 to be financed. Why Is this claim really true? Show all your work.
The effective annual interest rate is given to be 19.2%. What is the nominal interest rate per year (r) if continuous compounding is being used?