You borrowed $100,000 on the basis of 8.4% 30-year loan 15 years ago (monthly compounding). What is the balance of the loan today (after 180 monthly payments)?

If a firm sells a depreciable asset for $100,000 that originally cost $90,000 and has a book value of $50,000 at the time of sale, how much tax must the firm pay on the sale? Assume a 34% tax rate.

You will deposit $2,000 at the end of each of next 3 years. If the interest rate is 10% (annual compounding), how much will you have accumulated in 22 years?

Answer rating: 100% (QA)

Loan Balance and Future Value Calculations 1 Loan Balance after 180 Payments To calculate the remain... View the full answer