Problem
Answer using the simple interest formula and the Future Value table what is the total monthly payment?
A. Borrowing $200, 000 for five years at 8% interest. (SBA loan).
B. Borrowing $150,000 for five years at 10% interest. (SBA loan).
C. Borrowing $400,000 for 15 years at 5% interest. (Home mortgage).
D. Borrowing $30,000 for 5 years at 8% interest. (Auto loan).
E. What is Consumerism? How has consumerism affected firms in 2022?
F. If you are 25 years old and saving for a small business down payment or house, what least risky asset classes should you invest in?
G. If you have met your savings goal, what asset classes would you invest in to create wealth for your future?