Your bank pays 2.9% interest per year. You put $1,500 in the bank today and $600 more in the bank in one year. How much will you have in the bank in two? years?
A perpetuity will pay $500 per? year, starting five years after the perpetuity is purchased. What is the present value? (PV) of this perpetuity on the date that it is? purchased, given that the interest rate is 9?%?
You are interested in purchasing a new automobile that costs $39,000. The dealership offers you a special financing rate of 12% APR ?(1?%) per month for 60 months. Assuming that you do not make a down payment on the auto and you take the? dealer's financing? deal, then your monthly car payments would be closest? to:
What is the internal rate of return? (IRR) of an investment that requires an initial investment of $15,000 today and pays $20,400 in one? year's time?