1. Why is it important to incorporate expectations for business strategy in a financial forecast?
2. Payday loans are very short-term loans that charge very high interest rates. You can borrow $240 today and repay $300 in two weeks. What is the compounded annual rate implied by this 25 percent rate charged for only two week
3. What annual interest rate would you need to earn if you wanted a $1,000 per month contribution to grow to $81,000 in six years.