Find the APR, or stated rate, in each of the following cases: (Do not round intermediate...
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Find the APR, or stated rate, in each of the following cases: (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Stated Rate (APR) % Number of Times Compounded Semiannually Monthly Weekly Infinite Effective Rate (EAR) 12.2 % 13.1 10.8 14.5 For each of the following, compute the future value: Complete the following analysis. Do not hard code values in your calculations. All answers should be positive. $ $ $ LA LA LA LA Present value 1,975 6,734 81,346 192,050 Years Interest rate Future value 13% 9% 12% 6% 11 7 14 8 Find the EAR in each of the following cases: (Use 365 days a year. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Stated Rate (APR) 8.3 % 17.3 13.3 10.3 Number of Times Compounded Quarterly Monthly Daily Infinite Effective Rate (EAR) % Dinero Bank offers you a five-year loan for $50,000 at an annual interest rate of 7.5 percent. What will your annual loan payment be? Loan amount Number of years Interest rate 50,000 5 7.50% Complete the following analysis. Do not hard code values in your calculations. Your answer should be positive. Loan payment Solve for the unknown number of years in each of the following: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Present Value $ 650 900 19,300 22,400 Years Interest Rate 9 % 10 % 17 % 15 % Future Value $ 1,742 2,205 350,008 508,354 Solve for the unknown interest rate in each of the following: (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Present Value $ 320 440 47,000 46,261 Years 3 17 18 20 Interest Rate % % % Future Value $ 384 1,411 234,893 438,339 For each of the following, compute the present value: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Present Value Years 12 3 28 30 Interest Rate 6% 12 % 13 % 10 % Future Value $ 15,051 47,557 882,073 546,164 First City Bank pays 7 percent simple interest on its savings account balances, whereas Second City Bank pays 7 percent interest compounded annually. If you made a deposit of $73,000 in each bank, how much more money would you earn from your Second City Bank account at the end of 9 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Difference in accounts Find the APR, or stated rate, in each of the following cases: (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Stated Rate (APR) % Number of Times Compounded Semiannually Monthly Weekly Infinite Effective Rate (EAR) 12.2 % 13.1 10.8 14.5 For each of the following, compute the future value: Complete the following analysis. Do not hard code values in your calculations. All answers should be positive. $ $ $ LA LA LA LA Present value 1,975 6,734 81,346 192,050 Years Interest rate Future value 13% 9% 12% 6% 11 7 14 8 Find the EAR in each of the following cases: (Use 365 days a year. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Stated Rate (APR) 8.3 % 17.3 13.3 10.3 Number of Times Compounded Quarterly Monthly Daily Infinite Effective Rate (EAR) % Dinero Bank offers you a five-year loan for $50,000 at an annual interest rate of 7.5 percent. What will your annual loan payment be? Loan amount Number of years Interest rate 50,000 5 7.50% Complete the following analysis. Do not hard code values in your calculations. Your answer should be positive. Loan payment Solve for the unknown number of years in each of the following: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Present Value $ 650 900 19,300 22,400 Years Interest Rate 9 % 10 % 17 % 15 % Future Value $ 1,742 2,205 350,008 508,354 Solve for the unknown interest rate in each of the following: (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Present Value $ 320 440 47,000 46,261 Years 3 17 18 20 Interest Rate % % % Future Value $ 384 1,411 234,893 438,339 For each of the following, compute the present value: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Present Value Years 12 3 28 30 Interest Rate 6% 12 % 13 % 10 % Future Value $ 15,051 47,557 882,073 546,164 First City Bank pays 7 percent simple interest on its savings account balances, whereas Second City Bank pays 7 percent interest compounded annually. If you made a deposit of $73,000 in each bank, how much more money would you earn from your Second City Bank account at the end of 9 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Difference in accounts
Expert Answer:
Answer rating: 100% (QA)
1 EAR 1rnn1 Semiannually n2 EAR 1122221 112571 1257 or 1257 Monthly n12 EAR 113112121 1139151 13915 ... View the full answer
Related Book For
Corporate Finance Core Principles and Applications
ISBN: 978-0077905200
3rd edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford
Posted Date:
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