1. Investments will pay $230 at end of each for next 3 years, $590 at end of four years; $825 at end of five years; $910 at the end of six years. If other investments earn 14.94% annually, determine the FV?
2. You purchase the car, bank lends $10,000. Loan will be completely amortized over seven years with the nomimal interest rate of 12.50%, paid monthy, determine loan payment amount?
3. You wish to purchase the car, bank lends $12,000. Loan will be completely amortized in four years and nominal interest rate is 6.00%, paid monthly, compute loans EFF%?