The following interest rate structures are on offer by three independent banks: Tree Bank: 16% compounded annually; Branch Bank: 15% compounded monthly; Leaf Bank: 15% compounded quarterly. Note: Assume 365 days in a year. Required: Q.2.1 Calculate the effective rates for each of the three plans on offer. Round off to two decimals.

Calculate the monthly payments for each of the following $119,600 mortgage loans. Assume no prepayments. a. 30-year fixed at 7.25 percent b. 15-year fixed at 6.25 percent c. 20-year fixed at 6.75 percent Note: Round intermediate computations to at least five (5) decimal places. Click on the table icon to view the Monthly Installment Loan Payment Factor (MILPF) table: a. The monthly payment, PMT, on the 30-year loan is $ (Round to the nearest cent.)

You have found three investment choices for a one-year deposit: 10.4% APR compounded monthly, 10.4% APR compounded annually, and 9.7% APR compounded daily. Compute the EAR for each investment choice. (Assume that there are 365 days in the year.) (Note: Be careful not to round any intermediate steps less than six decimal places.) The EAR for the first investment choice is _____%. (Round to three decimal places.) Part 2 The EAR for the second investment choice is _____%. (Round to three decimal places.) Part 3 The EAR for the third investment choice is______%. (Round to three decimal places.)

The interest rate on a $15,300 loan is 9.7% compounded semiannually. Semiannual payments will pay off the loan in nine years. (Do not round intermediate calculations. Round the PMT and final answers to 2 decimal places.) a. Calculate the interest component of Payment 12. $ b. Calculate the principal component of Payment 5. Principal c. Calculate the interest paid in Year 8. Interest paid d. How much do Payments 5 to 8 inclusive reduce the principal balance? Principal reduction Interest

You have found three investment choices for a one-year deposit: 11.7% APR compounded monthly, 11.7% APR compounded annually, and 10.9% APR compounded daily. Compute the EAR for each investment choice. (Assume that there are 365 days in the year.) (Note: Be careful not to round any intermediate steps less than six decimal places.) The EAR for the first investment choice is%. (Round to two decimal places.)

A credit union's Rate-Climber GIC pays rates of 21%, 26%, and 31% compounded semiannually in successive years of a three-year term. What will be the maturity value of $13,000 invested in this GIC? (Do not round Intermedote.colculations ond round your Anal answer to 2 declmal places.) Maturity value $1

92. Subject :- Finance

You have found three investment choices for a one-year deposit:9.4% APR compounded monthly, 9.4% APR compounded annually, and 8.6% APR compounded daily. Compute the EAR for each investment choice. (Assume that there are 365 days in the year.) (Note: Be careful not to round any intermediate steps less than six decimal places.)   The EAR for the first investment choice is _%   The EAR for the second investment choice is _% The EAR for the third investment choice is _%