Consider a $2,500 loan, to be repaid in twelve quarterly payments of $243.72 each. Calculate the Annual Percentage Rate of this loan.
A retailer's cost for an item is $517. The retailer sets prices to earn a 35% margin on selling price. Find the retailer's selling price. Rounding: penny.
Company E just paid a dividend of $1.76 per share on its stock. The dividends are expected to grow at a constant rate of 4 percent per year, indefinitely. What will the price of this stock be in 7 years if investors require a 13 percent rate of return?