Question: Please show formula with answer. Interest Rate. At what interest rate will it take to grow a. $800to a value of 1,017.13 over 6 years?
Please show formula with answer.
| Interest Rate. At what interest rate will it take to grow |
| a. $800to a value of 1,017.13 over 6 years? |
| b. $600 to a value of 1,082.08 over 5 years? |
| c. $401 to a value of 1,311.16 over 6 years? |
| Mortgages (Hint: P/Y=12). | ||||
| What was the initial mortgage on the house? | ||||
| a. $4,369.66 per month for 30 years at 8 percent interest? | ||||
| b. $1,626.83 per month for 15 years at 4 percent interest? | ||||
c. $3,724.21 per month for 30 years at 18 percent interest?
|
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
