For the last 12 years, Rudolph has been receiving a 30/20/10 series discount.  Find the equivalent single discount rate.

each year? 19. The chief financial officer of a home health agency needs to determine the present value of a $120,000 investment received at the end of year 5. What is the present value if the discount rate is a. 3 percent? b. 6 percent? C. 9 percent? d. 12 percent?

Pat will receive 100,000 in 3 years. Over the next three years, the interest rates will vary as follows:In year 1, the nominal rate of discount is 6% compounded monthly.In year 2, the nominal rate of interest is 7% compounded quarterly.In year 3, the constant annual force of interest is 6%.How much should he invest today to receive that amount in 3 years?

Radhubhai

I really need help on this problem. Have been working at it for an hour and can't seem to find the answer.   Stacy will receive equal payments of $798 at the beginning of each month with her first payment received in 4 years from today and her last payment received 27 years from today. Find the present value of these payments at the beginning of year 6 if the interest rate is 5.52%.

Calculate the DTI ratio (in percent) for a borrower who has a gross monthly income of $4,875 and has a minimum credit car bill of $125, a car lease payment of $276.78 and a student loan payment of $216, and who is applying for a loan with a monthly payment of $2,021.79. (Round your answer to the nearest tenth of a percent.)

A store charges 2% per month to its customers.find the effective annual rate.

You have a Visa credit card account lemi with a 24.99% annual percentage rate calculated on the average daily balance. The billing date is the first day of each month, and the billing cycle is the number of days in that month. Your credit card balance on June 1 was $252. On June 8th you made a $109 purchase. You made another purchase, a $75 gift card, on June 18th. You made a $100 payment on June 28th. Show your work for all parts of the problem. (a) What is the average daily balance for July? (b) What is your finance charge on the account as of July 1st? (c) What is your new credit card balance?

Calvin Johnson has a ​$5,500 debt balance on his Visa card that charges 12.2 percent APR compounded monthly. In​ 2009, Calvin's minimum monthly payment is 4 percent of his debt​ balance, which is ​$220. How many months​ (round up) will it take Calvin Johnson to pay off his credit card if he pays the current minimum payment of $220 at the end of each​ month? In​ 2010, as the result of a federal​ mandate, the minimum monthly payment on credit cards rose to 5 percent. If Calvin made monthly payments of ​$275 at the end of each​ month, how long would it take to pay off his credit​ card?       Question content area bottom Part 1 a.  If Calvin made monthly payments of ​$220 at the end of each​ month, how long would it take to pay off his credit​ card?   enter your response here months  ​(Round up to the nearest​ unit.)

You credit card charged you 1% per month. This rate when multiplied by 12 is call the rate.