the present value of eight semi-annual lease payments of $1200 at 8% nominal interest is nearest to a) $7200 b) $8080 c) $8100 d) $8400

A 30-year mortgage for $175,000 is issued at a 6% nominal interest rate. (a) What is the monthly payment? (b) How long does it take to pay off the mortgage, if $1250 per month is paid? (c) How long does it take to pay off the mortgage, if double payments are made?

Calculate the annual force of interest which is equivalent to an effective rate of interest of 2.2% per 3 months. No tables, Only formulas, please

What is the equivalent annuity starting in year 1 and ending in year 5 for the following project (assume i = 7%) Cash flow ($) n (year) |-1000 2 |-600 -500 3 4 |-100 A) 472.7 B) 474.7 C) 471.0 D) 474.1