Question: question 4,6 and 8 please 4. Consider a $1,000 deposit earning 8 percent interest per year for five years. What is the future value, how
question 4,6 and 8 please
4. Consider a $1,000 deposit earning 8 percent interest per year for five years. What is the future value, how much total interest is earned on the original deposit, and how much is interest on interest? earned 6. Wh interest rate is 10 percent per year? at is the present value of a $700 annuity payment (ordinary annuity) over four years if 8. A loan is offered with monthly payments and a 12 percent APR. What is the loan effective annual rate (EAR)
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