Dennis Rodman has a $$5,000$ debt balance on his Visa card that charges $9\mathrm{.}5\%$ compounded monthly. Dennis' minimum monthly payment is $$150.$ How many months $($round up$)$ will it take Dennis to pay off his credit card if he pays $$150$ at the end of each month?

Exxon $20-$year bonds pay $7\%$ coupon annually on a $$1,000$ par value. If the bond sells for $$945,$ what is the bonds expected rate of return?

If the dividend is $$1\mathrm{.}85/$share$,$ market price at year$-$end is $$42\mathrm{.}50,$ and the required rate of return is $12\%,$ what is the current value of the stock?

In $10$ years, you are planning on retiring and buying some land in Arkansas. If the land currently costs $$1,000$ per acre and you want to purchase $100$ acres, how much will $100$ acres cost in $10$ years if it increases in value by $6\%$ per year?

What is the value of a $$1,000$ per year perpetuity discounted back to the present at $9\%?$

A financial analyst tells you that investing in stocks will allow you to triple your money in $7$ years. What annual rate of return is the analyst assuming you can earn?

Bow flex's television ads say you can get a fitness machine that sells for $$999$ for $$33$ a month for $48$ months. What rate of interest are you paying on this Bow flex loan?

You lend a friend $$40,000,$ which your friend will repay in five equal annual endof$-$year payments of $$10,000.$ Timeline is:

Bill borrowed $$100,000$ today that he must repay in $10$ annual end$-$of$-$year installments of $$15,000.$ What annual interest rate is Bill paying on his loan?

Calculate the value of a bond that expects to mature in $14$ years and has a $$1,000$ face value. The coupon rate is $9\%,$ the interest payments are semiannual, and the investors require rate of return is $12\%.$