Choose the best answer and provide a solution. A man pays 1.5% interest on his loan four times a year. Find the effective annual interest rate A. 4.06% B. 4.97% C. 3.99% D. 6.14%

A 3 year straight note was executed by a buyer. The interest paid over the term was $3,431.70. The annual interest rate was 9.3%. What was the loan amount? Select one: a. $9,150 b. $36,900 c. $31,915 d. $12,300 Finish attempt...

Define the term Present-Worth Factor?

9. A loan of $10000.00 taken out 6 months ago is to be repaid by 3 equal installments due now, 1 years from now, and 1.5 years from now respectively. What is the size of the equal installments if interest on the debt is 6% p.a. compounded monthly? I

Question 1 Due to health reasons, Dave is considering early retirement. He currently has $700,000 in a self- managed retirement fund. He thinks he will need S40,000 per year during retirement. He intends to invest his retirement in a low-risk mutual fund which return 1.5% per year. How many years can he live off this retirement fund without the need to look for a job?

Please answer it without Excel , And also don't use AI. Try handwritten solution or typed