You expect to have it $12,000 in one year. A bank is offering loans at 3.5% interest per year. How much can you borrow today? Today you can borrow $_____(round to the nearest cent)

If you want to have $60,000 in 8 years, how much do you need to deposit in the bank today if the account pays an interest rate of 9%?

You borrow $305,000; the annual loan payments are $46,451.56 for 30 years. What interest rate are you being charged? Round your answer to the nearest whole number.  =    %

K You expect to have $12,000 in one year. A bank is offering loans at 5.5% interest per year. How much can you borrow today? Today you can borrow $ (Round to the nearest cent.) C

A commercial bank is willing to make you a loan of P10,000. The bank wants a 12 percent interest rate and requires five equal annual payments to repay both interest and principal. What will be the dollar amount of the annual  payment?

You have the chance to buy a guaranteed promissory note for $850. The note pays $1,000 in 15 months (i.e., exactly 456 days). You have $850 in a bank account that pays a 7% nominal rate compounded daily. Which is a better investment, the note or the bank account? Answer this question using three approaches: (1) compare your future value if you buy the note versus leaving your money in the bank; (2) compare the PV of the note with your current bank balance; and (3) compare the effective rate or return on the note with that of the bank account.

You borrow $165,000; the annual loan payments are $9,541.97 for 30 years. What interest rate are you being charged? Round your answer to the nearest whole number

If your bank pays you 1.5% interest and you deposit $700 today, what will be your balance in seven years?   The bank balance will be ​$ ______.​(Round to the nearest​ cent.)