A young graduate is planning on saving $739.00 each quarter for four years in an investment account paying 13.76% interest that is compounded quarterly. His first deposit will be made at the end of the next quarter, so this is a regular annuity. In 4 years, he also plans on being able to afford a 60-month car loan with $372.00 monthly payments at a 12.36% APR interest rate. Given the graduates plans, how expensive of a dream car will he expect to be able to purchase in four years?

An entrepreneur invests $152,015.00 into a start-up business today. He expects the business will generate $61,429.00 per year for 14.00 years, and then it will generate $128,203.00 per year for the following 16.00 years. Suppose he wants a 7.00% annual return to run the business.What is the value of this business today if his forecasts are accurate? (HINT: Discount all cash flows to today and subtract start-up investment.)

George Costanza has just taken out an $22,756.00, 60-month car loan from his local bank with a 3.36% interest rate compounded monthly. At the end of the second year, George plans on making a $3,283.00 payment directly to the loans principal and then to keep on making his regular monthly payments.What is the monthly payment for this car loan?

George Costanza has just taken out an $22,756.00, 60-month car loan from his local bank with a 3.36% interest rate compounded monthly. At the end of the second year, George plans on making a $3,283.00 payment directly to the loans principal and then to keep on making his regular monthly payments.What is the balance remaining to pay on the loan after two years?

George Costanza has just taken out an $22,756.00, 60-month car loan from his local bank with a 3.36% interest rate compounded monthly. At the end of the second year, George plans on making a $3,283.00 payment directly to the loans principal and then to keep on making his regular monthly payments.What is the balance remaining on the loan after the extra payment to principal is made? (This happens after year 2...)

George Costanza has just taken out an $22,756.00, 60-month car loan from his local bank with a 3.36% interest rate compounded monthly. At the end of the second year, George plans on making a $3,283.00 payment directly to the loans principal and then to keep on making his regular monthly payments.How many months remain on the loan after the extra payment is made? (Do not round)

A couple saves $500.00 per month (end of month) for 40.00 years. They can earn 6.00% annual interest with monthly compounding on this account. The couple wants their retirement account to last for 25.00 years.When they retire, they will move their savings into a money market fund that pays 2.40% annual interest with monthly compounding.What is the value of this account when they retire?

An investment will pay 10.96% APR with quarterly compounding. What is the effective rate of interest on the account?

A lender offers you a mortgage with an APR of 3.72% with monthly compounding. What is the effective rate of interest charged by the lender?

An account pays interest by the quarter. It pays at a rate of 3.12% APR with quarterly compounding. However, an investor would like to contribute once a year to the account. At the end of each year, an investor will contribute $10,000.00. What will be the future value of this account in 20.00 years?