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4. How long does it take a present value amount to triple if the expected return is 8.3%? Answer to 2 decimal points. 5. What
4. How long does it take a present value amount to triple if the expected return is 8.3%? Answer to 2 decimal points.
5. What is the EAR for a 13.6% APR with continuous compounding? Express your answer as a percentage, with 3 decimals, such as 4.123 percent.
7. If you can obtain bank financing at 6.58% APR (with monthly compounding) on a 5-year, $26,126 car loan, what would be the monthly loan payments? Answer to 2 decimal places.
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