Business Maths

Poor Dog, Inc. borrowed $135,000 from the bank today. They must repay this money over the next six years by making monthly payments of $2,215.10. What is the interest rate on the loan? Express your answer with annual compounding.

What annual interest rate is needed to produce $200,000 after five years if only $100,000 is invested?

Challenge Problems 7-49 I. Given a) Honda Insight Original Price $17,995.00 b) Honda Insight Dealer Price $16,495.00 c) Terms: 1/15 n/30 II. Unknown a. How much is the rebate? b. What percent is the rebate? c. What is the amount of the discount if the dealer pays within 15 days?

Therefore the annual interest rate is 8% and the effective annual rate compounded quarterly is 8.24%

a. Starting with $20,000, how much will you have in 20 years if you can earn 5% on your money?

10. An investment of $1,000 today will grow to $1,100 in one year. What is the continuously compounded rate of return?

Joshua borrowed $500 for one year and paid $25 in interest. The bank charged him an $8 service charge. What is the

12. Today, you deposit $10,750 in a bank account that pays 3 percent simple interest. How much interest will you earn over the next 7 years?

After the calculations you end up coming out with a rate of 14.87%. The third and final part of question three asks what rate you will need if the interest is compounded semiannually. All you have to do is double the amount of terms and you will come out with a lower number of 7.177%. Since the interest is compounded semiannually that means that you will need to times that number by two and you come out with your final number of 14.35%.

2. If you had a payment that was due you in 5 years for $50,000 and you could earn a 5% rate of return, how much

At an interest rate of 15% per year (3.75% for three months, the amount to borrow equals

One thing that was really emphasized in this class is critical reflection. According to Brookfield critical reflection is “the process of analyzing, reconsidering and questioning experiences within a broad context of issues”. This is necessary for anyone working in a people centered job or in human services. Critical reflection allows us to tackle our assumptions and actions and address where this comes from. There are 3 different phases of the critical reflection process. The first is deconstruction. This is where we take the case or moment apart, this where we deconstruct our attitudes surrounding the circumstances. The next step is resistance and challenge. This is where we ask why and what this means. The last step is reconstruction. In this step we put together everything that we have learned from this

(Compound value solving for I) at what annual rate would the following have to be investe

Joe signs a $5000, 8%, 6-month note dated September 1, 2009. What is Joe’s 2010 interest expense for this note?

First we need to get the present value of the annuity for the 1,500 semiannual PMTs at year 14