Suppose a relative has promised to give you $1,000 as a wedding gift the day you get engaged. Assuming a constant interest rate of 5%, consider the present and future values of this gift, depending on when you become engaged. Complete the first row of the following table by determining the value of the gift in one and two years with interest if you become engaged today and save the money. Date Received Present Value Value in One Year Value in Two Years (Dollars) (Dollars) (Dollars) Today 1,000.00           In 1 year      1,000.00   In 2 years        1,000.00   Now complete the first column of the previous table by computing the present value of the gift if you get engaged in one year or two years. The present value of the gift is    if you get engaged in two years than it is if you get engaged in one year.

If you save $1,000 today and the annuel interest rate is 6%, what will that money be worth in 40 years?

Consider a student loan of $12,500 at a fixed APR of 9% for 30 years. a. Calculate the monthly payment. b. Determine the total amount paid over the term of the loan. c. Of the total amount paid, what percentage is paid toward the principal and what percentage is paid for interest. a. The monthly payment is $ (Do not round until the final answer. Then round to the nearest cent as needed.)

Help ( economics) not finance

Find the interest rates in the following situations. a. APR = 7%, compounded monthly. Find the effective annual interest rate. b. Nominal rate is 10% compounded quarterly. Find the effective semi-annual rate. c. The effective annual interest rate is 16.28% and compounding is monthly. Find the nominal interest rate.

Suppose that $4000 is placed in a bank account at the end of each quarter over the next 10 years. What is the future worth at the end of 10 years when the interest rate is 9% compounded at the given intervals? a. Quarterly b. Monthly c. Continuously There are a couple solutions out there but they are either not complete or wrong. Please take you time to complete a-c and explain what every aspect is please. Thanks!!

You borrow $6,000 for 90 days at 6.5% interest.  The lender uses a 365-day year.  You make a payment of $1,400 on day 36 (36 days after getting the loan).  Calculate your balance after the $1,400 payment is applied.

Suppose you borrow $5,000 at 7.25% interest for 14 months.  What is the maturity value?

Lia wishes to have $3000 after 3 years in an account that draws 6% nominal interest compounded monthly. How much must he deposit each month, starting in 1 month?

Answer was not A or D