Question
Compute the monthly payment on a 4-year car loan of $34,000+U dollars if the APR is 5.15%? If a company wanted to create a scholarship
Compute the monthly payment on a 4-year car loan of $34,000+U dollars if the APR is 5.15%?
If a company wanted to create a scholarship fund at a particular college that would eternally pay $1500+U dollars to a different deserving student each year, compute how much money the company needs to donate to the college to do so if the appropriate discount rate is 5%.
A pension fund currently makes payouts to beneficiaries of $1,000,000U per year, with those payouts expected to grow with a forecasted inflation rate of 3% per year forever. Compute how much money the pension fund currently needs to have now in order to fully fund that liability (and ensure those payouts to pensioners are made) if it believes it can earn 6.55% per year on its investments.
U = 13
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