1.What is the net present value of an investment of $3,170 with cash inflows of $1,000 at the end of each year for four years?The required rate of return i0%.

2.A student obtained a loan for $1,000 to be repaid in four quarterly payments of $262.62 each. What is the annual percentage rate?What is the actuarial rate?

3.Two loans have an annual interest rate of 8%.Loan M is repaid quarterly and Loan N is repaid monthly.What is the effective interest rate of both loans?If the rates vary, what is the reason?

4.Construct an amortization schedule for a loan of $100,000 payable in 4 equal annual amortized payments at an interest rate of 7%.

5.Calculate the annual percentage rate on a $5,000 loan to be repaid in equal monthly payments of $180.76 each over a 3-year period.