1.Thomas Tyler’s VISA balance is $ 1,163.29. He may pay it off in 12 equal end-of-month payments of $ 110 each.What interest rate is Thomas paying? (Round answer to 1 decimal place, e.g. 8.5%.).

2.Tony Inc. will deposit $59,800 in a 6% fund at the end of each year for 5 years beginning December 31, 2020.What amount will be in the fund immediately after the last deposit? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.)

Answer rating: 100% (QA)

1Putting into a financial calculator N12 PV116329 ... View the full answer