( Home work problems -- Show your work) 1. What's the loan effective annual rate? (EAR)? A...
Fantastic news! We've Found the answer you've been seeking!
Question:
( Home work problems -- Show your work)
1. What's the loan effective annual rate? (EAR)? A loan is offered with monthly payments and a 10 percent APR. (LG5-7)
2. What is the future value if given a 5 percent interest rate, compute the year 6 future value of deposits made in s 1,2, 3, and 4 of $1000, $1300, 1300, and 1400? (LG5-1)
Posted Date: