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Clipboard Voice Sensitivity Editor d. 7.952 6. Pamela places $0.10 a day in a savings account. The interest in the account compounds daily. At the
Clipboard Voice Sensitivity Editor d. 7.952 6. Pamela places $0.10 a day in a savings account. The interest in the account compounds daily. At the end of two years she has $2,000 in the account. What is the APR (looking for I/YR) on this account? (Assume 365 days per year.) P/YR = 365 This is an ordinary annuity, so no "BEGIN on the calculator a. 148.620 b. 246.483 c. 369.325 d. 469.366 I 7. Your firm, New Sunrise, has just leased a $32,089 BMW for you. The lease requires eight beginning of the year payments that will fully amortize the cost of the car. How much are the payments if the interest rate is 12 percent? (If there is no clear information, make P YR=1). This is an annuity due problem, so make sure you shift, BEG/END, make "BEGIN show a. 3,589.632 b. 4,752.369 c. 5,767.506 d. 6,785.321
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