Question
1. If the effective annual rate of interest is known to be 14% on a debt that has monthly payments, what is the annual percentage
1.
If the effective annual rate of interest is known to be 14% on a debt that has monthly payments, what is the annual percentage rate? Enter your answer as a percentage rounded to 2 DECIMAL PLACES. Do not include the percentage sign in your answer.
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2.
Suppose you save $1,500 at the end of every quarter for your retirement. If you can earn 11% per year (APR) on your investments, how much will you have saved by the time you retire in 20 years?
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3.
Given a risk-free rate of 4.6%, a market return of 13.3%, and a beta of 1.5, what is the expected return of the stock? Enter your answer as a percentage. Do not put the percentage sign into your answer.
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