Question
In: Finance
Find the interest rates earned on each of the following. Round your answers to the nearest...
Find the interest rates earned on each of the following. Round your answers to the nearest whole number.
1. You borrow $700 and promise to pay back $798 at the end of 8 year.
-------%
2. You lend $700 and the borrower promises to pay you $798 at the end of 8 year.
-------%
3. You borrow $71,000 and promise to pay back $182,127 at the end of 6 years.
-------%
4. You borrow $15,000 and promise to make payments of $4,058.60 at the end of each year for 5 years.
--------%
Can you explain, the steps...how to solve the formula ?
Solutions
jeff jeffy answered 2 years agoRelated Solutions
Find the interest rates earned on each of the following. Round your answers to the nearest...
Find the interest rates earned on each of the following. Round
your answers to the nearest whole number.
You borrow $720 and promise to pay back $792 at the end
of 1 year.
%
You lend $720 and the borrower promises to pay you $792
at the end of 1 year.
%
You borrow $58,000 and promise to pay back $116,659 at
the end of 5 years.
%
You borrow $12,000 and promise to make payments of
$2,771.70 at the...
1.) Find the interest rates earned on each of the following. Round your answers to the...
1.) Find the interest rates earned on each of the following.
Round your answers to the nearest whole number.
You borrow $99,000 and promise to pay back $307,479 at
the end of 10 years.
%
You borrow $9,000 and promise to make payments of
$2,684.80 at the end of each year for 5 years.
%
2.) Your client is 33 years old. She wants to begin saving for
retirement, with the first payment to come one year from now. She...
Find the interest rates earned on each of the following. Round each answer to two decimal...
Find the interest rates earned on each of the following. Round
each answer to two decimal places. You borrow $750 and promise to
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borrow $71,000 and promise to pay back $467,185 at the end of 12
years. % You borrow $14,000 and promise to make payments of
$3,693.20 at the end...
Find the following values. Compounding/discounting occurs annually. Round your answers to the nearest cent. a. An...
Find the following values. Compounding/discounting occurs
annually. Round your answers to the nearest cent.
a. An initial $600 compounded for 10 years at
3%.$
b. An initial $600 compounded for 10 years at
6%.$
c. The present value of $600 due in 10 year at
3%.$
d. The present value of $2,655 due in 10 years at
6%.$
e. The present value of $2,655 due in 10 years at
3%.$
Define present value.
The present value is the value today...
Determine the amount of interest that will be earned on each of the following investments: (Round...
Determine the amount of interest that will be earned on each of
the following investments: (Round answers to 2 decimal
places, e.g. 15.25.)
(i)
(n)
Investment
Interest
Rate
Number of
Periods
Type of
Interest
Amount of
Interest
a.
$160
5%
1
Simple
enter a dollar amount rounded to 2
decimal places
b.
$700
9%
3
Simple
enter a dollar amount rounded to 2
decimal places
c.
$700
7%
2
Compound
enter a dollar amount rounded to 2
decimal places
Find c such that each of the following is true. (Round your answers to two decimal...
Find c such that each of the following is true. (Round
your answers to two decimal places.)
(a) p(0 < z <
c) = 0.1349
c =
(b) p(c < z
< 0) = 0.4845
c =
(c) p(−c < z
< c) = 0.4640
c =
(d) p(z > c) =
0.6075
c =
(e) p(z > c) =
0.0531
c =
(f) p(z < c) =
0.1003
The problem describes a debt to be amortized. (Round your answers to the nearest cent.) A...
The problem describes a debt to be amortized. (Round your
answers to the nearest cent.) A man buys a house for $340,000. He
makes a $150,000 down payment and amortizes the rest of the
purchase price with semiannual payments over the next 5 years. The
interest rate on the debt is 10%, compounded semiannually.
(b) Find the total amount paid for the purchase.
Find the standard normal area for each of the following (Round your answers to 4 decimal...
Find the standard normal area for each of the following (Round
your answers to 4 decimal places.): Standard normal area a. P( Z ≤
2.16) b. P(Z ≤ 3.05) c. P(Z ≤ 2.05) d. P(Z > 0.55)
Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32....
Do not round intermediate calculations and round your
answers to the nearest whole number, e.g., 32.
A negative answer should be indicated by a minus
sign.
Problem: Project Evaluation
Suppose you have been hired as a financial consultant to Defense
Electronics, Inc. (DEI), a large, publicly traded firm that is the
market share leader in radar detection systems (RDSs). The company
is looking at setting up a manufacturing plant overseas to produce
a new line of RDSs. This will be...
Find the present value of $3,900 under each of the following rates and periods: (Round your...
Find the present value of $3,900 under each of the following
rates and periods: (Round your final answer to the nearest penny.)
a. 8.9 percent compounded monthly for five years. Present value $
b. 6.6 percent compounded quarterly for eight years. Present value
$ c. 4.3 percent compounded daily for four years. Present value $
d. 5.7 percent compounded continuously for three years. Present
value $
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