Question: Understanding Future Value, Risky Assets and Compounding Answer using the simple interest formula and the Future Value table what is the total monthly payment? 1.

Understanding Future Value, Risky Assets and Compounding

Answer using the simple interest formula and the Future Value table what is the total monthly payment?

1. Borrowing $200, 000 for five years at 8% interest. (SBA loan)

2. Borrowing $150,000 for five years at 10% interest. (SBA loan)

3. Borrowing $400,000 for 15 years at 5% interest. (home mortgage)

4. Borrowing $30,000 for 5 years at 8% interest. (auto loan)

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