you are paying of a purchase made with a down payment of 50000 usd. you will pay the rest of 245000 in 5 installments equalling 49000 for 5 months. what is the interest rate that will help pay off your total purchase.

To repay a $35,000 loan you will make 30 equal annual payments (starting one year from today) of $4,998.10. What is the interest rate on the loan? If you don’t have a financial calculator, you can use the fact that it is one of the following rates. a) 8% b) 10% c) 12% d) 14% e) 16%

Suppose that you buy a car costing $14,000. You agree to make payments at the end of each monthly period for 4 years. You pay 7% interest, compounded monthly.(a) What is the amount of each payment? (b) Find the total amount of interest you will pay.

You will receive a cash payment of $6.4 in 4 years. If the relevant interest rate is 16.4%, how much is it worth today?   Answer:

You borrow 112000 for 10 years from a bank in order to renovate your flat. The effective interest rate charged by the bank is 7.6% per annum. The loan is to be repaid by level annual repayments, paid in arrears. Calculate the annual repayment. Give your answer to two decimal places.

You are paid £4,000 annually for 6 years, with the first payment due in one year and the last payment due in 6 years.  What is the present value of all these payments using an interest rate of 2%?

You are looking to buy a car and you have been offered a loan with an APR of 7.2%, compounded monthly. What is the true monthly rate of interest?

You have accepted a loan in an amount of $15,000 for your new car. You have agreed to pay the loan back in four years. What is your monthly payment if you agree to pay an interest rate of 9% compounding monthly?  Solve this problem for i = 6%, i = 7%, and i = 8% each compounding monthly.

Today, you take out a $5000 loan at 10% simple interest, which is to be repaid with two equal payments at the end of the first year and at the end of the second year. Find the size of the payments using today as your focal date

You are depositing $10,000 in a 5 year CD that pays 4.5% interest each year. How much interest will you accrue if you hold the CD until maturity? Show work. (Yes, this is compounding interest).