$6000 A 2 3 4 6. 8 i=10% 9 10 11 12 28 29 30Years P= ? LO

Imagine that you currently have $10,000 in credit card debt. Suppose that your credit card charges 15% APR charged monthly.  This means that your monthly interest rate r is given by the formula r=APR/12 If you make payments of $300 per month, how long would it take to pay off your credit card debt?

Compute the specified quantity. A 3 year bond costs $20,000 and will pay a total of $4,000 in interest over its lifetime. What is its annual interest rate r (as a percent)? (Round your answer to three decimal places.)

A loan of $10,500 was given at an interest rate of 4% payable at the end of the fifth year. Find the continuous compound amount to be paid back.

5. Use the formula for a (1+r)" – 1 geometric sum to show that A, = dollars.

James has an investment worth $175,609.50. The investment will make a special payment of X to James in 1 month from today and the investment also will make regular, fixed monthly payments of $1,440.00 to James forever. The expected return for the investment is 1.23 percent per month and the first regular, fixed monthly payment of $1,440.00 will be made to James in one month from today. What is X, the amount of the special payment that will be made to James in 1 month? An amount less than $58,600.00 or an anmount greater than $179,600.00 An amount equal to or greater than $58,600.00 but less than $88,950.00 An amount equal to or greater than $88,950.00 but less than $146,400.00 An amount equal to or greater than $146,400.00 but less than $176,000.00 O An amount equal to or greater than $176,000.00 but less than $179,600.00 Com SHEMA

The equivalent present worth (P) of the cash flow in the accompanying diagram, where i =4% compounded annually is closest to:

If You have this information about return of stock in 3 periods: -12%, 20% and 25%. calculate: The arithmetic average. The geometric average.

If the price of gold decreases at a monthly rate of 2.2%, by what percentage does it decrease in a year?

A factory equipment has an initial cost of P200,000.00. Its salvage value after ten years is P20,000.00. As a percentage of the initial cost, what is the straight-line depreciation rate of the equipment?