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Compefing banks are offering the following tabled rates and interest payment. If an investor deposited $100,000 today, how much would be in the account after
Compefing banks are offering the following tabled rates and interest payment. If an investor deposited $100,000 today, how much would be in the account after 2 years in each of the banks. (20 points) 6. Suppose you borrow $200,000 at an APR annual interest rate of 8% compounded monthly over 15 years. At the end of the second year, after 24 payments, you renegotiate the loan with the bank. The new terms are 3% APR compounded monthly and the loan will be paid over the next 13 years. What is the amount of each of the remaining monthly payments? ( 10 points) 7. A firm purchased the following items on January 1,2020 For the third year of operation (2022) what is the depreciation expense and what is the book value at the end of the third year
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