You are hurt in a car accident and your lawyer wins a $100,000 settlement to be distributed as follows: $20,000 immediate payment $7,000 a year for ten years $30,000 after ten years. If the lawyer's fee is $10,000, what is the value of this settlement if the interest rate is 8 percent? Answer in format of 1,234.56.

5) George wants to purchase a new house that costs $185, 500. The terms of the sale are 10% down payment and the rest to be paid off at a 5.75% interest rate compounded monthly for 30 years. paying $974.28 for his monthly payment b.) how much will george pay in interest for the life of the loan

You lend a friend $10,000, for which your friend will repay you $15,000 at the end of 5 years. What interest rate are you charging your “friend”?

You borrow $750 from your brother and agree to pay back $850 in 8 months. What simple interest rate will you pay? % (round to the nearest tenth of a percent)

Marty has been offered an injury settlement of ​$10,000 payable in 3 years.    If​ Marty's opportunity cost is 5​%, what is the present value of the injury​ settlement?   If​ Marty's opportunity cost is 8​%, what is the present value of the injury​ settlement?   If​ Marty's opportunity cost is 12​%, what is the present value of the injury​ settlement?

Use a bankers year: 360 days To complete the sale of a house, the you accept a 240-day note for $9,000 at 7% simple interest. (Both interest and principal are repaid at the end of the 240 days.) Wishing to use the money sooner for the purchase of another house, the you sell the note to a third party for $9,108 after 80 days. What annual simple interest rate will the third party receive for the investment? Express your answer as a percentage.

You are about to graduate from blank but you still owe $12,000 for tuition. blank offers you the following deal: Pay a "small amount" now and then pay $2,000 every 6 months for the next 3 years. If you are being charged an annual interest fee of 6% on your balance how much is the initial "small amount"?

Your brother-in-law asks you to lend him $225000.00 as a second mortgage on his vacation home. He promises to make level monthly payments for 10 years, 120 payments in all. You decide that a fair interest rate is 4.50% compounded annually. What should the monthly payment be on the $225000.00 loan? O $2369.60 $2331.86 $1875.00 O $2272.31 O $1959.37

b) You have decided to buy an apartment costing $140,000. At present you have $10,000 to be paid as down payment and your bank CAB agrees to provide you with the remaining amount of money. The interest rate is 12% to be repaid in 5 years period. Find the annual payment to be amortized and also prepare a schedule of amortization.

Jack buys a a car from a chant who offers P 748,000.00 at the end of 5 years. Jack wishes to pay immediately and the merchant offers to compute the required amount on the assumption that money is worth 14% simple annual interest. What is the required amount? Compare it when compounded annually, semi-annually, quarterly, and monthly.