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9 and 10 require cash-flow diagrams Mr. Adams plans to borrow $5000 now and repay the loan in eight equal payments of $875 per year

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9 and 10 require cash-flow diagrams

Mr. Adams plans to borrow $5000 now and repay the loan in eight equal payments of $875 per year starting 1 year from now. Compute the interest rate if interest is (a) compounded annually and (b) compounded continuously 9. Find the present worth of $5000 per month cash flow for 10 years if the effective continuous rate is 20% per year. 10

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