What are capital markets and why are they important to, Financial Management

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What are capital markets and why are they important to

1. You start saving $1000 at the end of this year and increase your saving by 7% every year for 17 years. Your account earns 11%. How much will you have in your account in 17 years? round two decimal places

2. What are capital markets and why are they important to businesses around the world?

3. You have just purchased a new warehouse. To finance the purchase, you’ve arranged for a 31-year mortgage loan for 85 percent of the $3,310,000 purchase price. The monthly payment on this loan will be $16,400. What is the EAR on this loan?

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