hlp

Question 2: ABC company is financing a new truck with a loan of $10,000, to be repaid in 5 annual end-of-year installments of $2,504.56. What annual interest rate is the company paying? Question 3: At the end of 8 years, your friend wants to have $50,000 saved for a down payment on a house. He expects to earn 8%-compounded monthly - on his investments over the next 8 years. How much would your friend have to put in his investment account each month to reach his goal? Question 4: A bank makes a $100,000 loan and will receive payments of $805 each month for 30 years as repayment. What is the rate of return to the bank for making this loan? This is also the cost to the borrower. Question 2: ABC company is financing a new truck with a loan of $10,000, to be repaid in 5 annual end-of-year installments of $2,504.56. What annual interest rate is the company paying? Question 3: At the end of 8 years, your friend wants to have $50,000 saved for a down payment on a house. He expects to earn 8%-compounded monthly - on his investments over the next 8 years. How much would your friend have to put in his investment account each month to reach his goal? Question 4: A bank makes a $100,000 loan and will receive payments of $805 each month for 30 years as repayment. What is the rate of return to the bank for making this loan? This is also the cost to the borrower