For a given time period and for the same future value amount, the higher the interest rate the lower the present value. T or F

You are trying to save up to buy a mountain bike worth $5,900. You can invest $200 a month in your bank that pays 4.4% interest on its accounts. How many years will it be before you have enough to purchase the mountain bike?

Tim has his heart set on buying a million-dollar house when he turns 40. He can invest $360,000 today into his I want to be a millionaire bank account. If he is 26 now, what interest rate must he earn to achieve his goal?

If the monthly payments on your amortized car loan is $677.37, and you borrowed $30,000 at 4%, how much principal did you paid off on your loan in the first month?