Question
1) Emily wants to buy a computer that has a price of $1500, and she decides to pay for it with installments over 5 years.
1) Emily wants to buy a computer that has a price of $1500, and she decides to pay for it with installments over 5 years. If the interest rate is 10 %, what is the monthly payment?
7) Suppose Crystal wants to save $4000 and you put $2500 in the bank at 20% simple interest, how long must she wait?
10) If $ 10000 is invested at 10% for 15 years, find the future value if the interest is compounded daily?
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Fundamentals of Corporate Finance
Authors: Richard Brealey, Stewart Myers, Alan Marcus
8th edition
77861620, 978-0077861629
