Question
1.) A new sports coupe costs $41,750 and the finance office has quoted you an APR of 9.5 compounded monthly, for 36 months. What is
1.) A new sports coupe costs $41,750 and the finance office has quoted you an APR of 9.5 compounded monthly, for 36 months. What is the EAR?
2.) What is the future value of $8600 a year for 32 years at 8.1 percent interest, compounded annually?
3.) You just won the grand prize in a national writing contest! As your prize, you will receive $550 a month for 48 months. If you can earn 4.9 percent on your money, what is this prize worth to you today?
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The Little Book Of Common Sense Investing The Only Way To Guarantee Your Fair Share Of Stock Market Returns
Authors: John C. Bogle
1st Edition
1119404509, 978-1119404507
