1.A deposit of $3,456 is made today in an account earning 7.1% APR compounded annually.What is the future value of this deposit in 19 years?

2.Anna-Mae is being charged "12.99% APR compounded daily."What effective annual rate is she being charged?

3.If we value our property's $6,300/month cash flow stream as if it were a perpetuity, what is it's present value at a rate of 7.44% APR compounded monthly?Assume next $6,300 is received one-month from today.

4.Hi-Viz Inc just borrowed $425,000 at a rate of 6.36% APR compounded monthly, with first payment due one-month from today.What is the equal monthly loan payment if the loan is to be paid off in 15 years?

Answer rating: 100% (QA)

1 Future Value of a Deposit in 19 Years Given information Deposit amount 3456 Annual interest rate 71 APR compounded annually Time period 19 years To ... View the full answer