10 pts Question 1 Solve for V in the following cash flow using an interest rate of 9% 10 10 10 10 $3240 $59.49 $49.85 $40.00 Question 2 10 pts Solve for B in the following cash flow using an interest rate of 596 - 1- 2- 3- 4- 5 $300.00 $291.51 $259.97 $27232 10 pts D Question 5 Money is a rather tight this month, and so you decide to borrow $500 from your local loan shark. "M EZ Loan He is willing to lend you the $500 if you will repay him $535.00 one month later. What nominal annual interest rate are you being charged? 84.00% per month 80.43% per year 84.00% per year 15.03% per year Question 6 10 pts A finance company offers a "15% plan" The cost of a one year loan is 15%, and this cost is added to the loan This total is then divided by 12 to get the monthly payments. Calculate the effective interest rate being charged for a loan of $12,000 2 22% per year 39.06% per year 30.12% per year 0 26.62% per month Question 7 10 pts Jean Silva can earn 4.50% compounded continuously. If she deposits $10,000 now, how much money will she have after 1 year? $10,22841 $11.019.17 $10.460.28 $10450.00 Question 4 10 pts Select the WRONG equation for the equivalent uniform cost from the list below. The interest rate is 5% 3 4 5 A Flow X7 - $90 X2 - 560 X3 - 530 X - $60 X7 - 590 1901F/P,5%, 61 + 60{F/P,5%.5) + 30F/P,5%, 4) + 301F/P,5%, 2) + 60F/P,5% 1.90)(A/F,5%, 75 90-30(P/G, 5%, 71WP.5%, 7). 601P/G, 5%, 40P/7,5%,WP,5%, 7) 1900/P, 5X, 6) 60W/P,5%,5) 301F/P.5%, 44300F/P,5%, 2) + 60F/P.5x18 OCAS ) 190%P/F, 5%, 1) + 6(P/F,5%, 2) 301PVF,5%,3)+300P/5,5% 5)+ (PVF,5% 6) + (PV5,5%, P.5% 71