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Could someone please help me with these 6 questions? I have no clue!!!!! HELP What is the value in year 9 of a $1,600 cash
Could someone please help me with these 6 questions? I have no clue!!!!! HELP
What is the value in year 9 of a $1,600 cash flow made in year 6 if interest rates are 9 percent? Only round final answer to two decimal places. Given a 6 percent interest rate, compute the present value of payments made in years 1, 2, 3, and 4 of $1,400, $1,700, $1,700, and $1,800. (Do not round intermediate calculations and round your final answer to 2 decimal places.) A small business owner visits his bank to ask for a loan. The owner states that he can repay a loan at $1,600 per month for the next three years and then $600 per month for two years after that. If the bank is charging customers 8.75 percent APR, how much would it be willing to lend the business owner? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Payday loans are very short-term loans that charge very high interest rates. You can borrow $500 today and repay $580 in two weeks. What is the compounded annual rate implied by this 16 percent rate charged for only two weeks? (Do not round intermediate calculations and round your final answer to 2 decimal places.) What annual interest rate would you need to earn if you wanted a $1,000 per month contribution to grow to $82,000 in six years? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Given a 3 percent interest rate, compute the year 6 future value of deposits made in years 1, 2, 3, and 4 of $1,800, $2,100, $2,100, and $2,200. (Do not round intermediate calculations and round your final answer to 2 decimal places.)Step by Step Solution
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