Consider a loan for$100,000to be repaid in equal installments at the end of each of the next 5 years. The interest rate is 4% compounded annually. What is the remaining balance of the loan after 2 years?

What is the present value of an ordinary annuity that pays $302 per year for 23 years at 8%?Assume annual compounding.(round your answer to the nearest dollar)

An investor interested in learning what must be earned on investments in order to allow their savings to grow to a certain amount of money in the future is interested should solve for which variable?

the number of periods

the interest rate

the payment

the present value

the future value