1. If you deposit $172 at 21.15% annual interest compounded daily how much money will be in the account after 11 years? I assume there is 364 days in a year
2. supposed to deposit $231 today, $997 in one year, $199 into two years in an account that pays an annual interest of 7.07%. How much money will be in the account after three years?
3. what is the most she would be willing to pay for an investment that will pay you 983 in one year 155 in two years and $575 in three years, if your required rate of return for this type of investment is 5.84%
4. suppose you signed a contract for a special assignment over the next six years. You'll be paid at $27,907 at the end of each year. If your cry word of a turn is 14.46%, what is the contract worth today?
5. you need a loan to purchase new equipment. The loan will be paid off over nine years with payments made at the end of every quarter. If the state annual rate is 16.59% and quarterly payments or $770, what is the loan amount?
6. you would like to purchase a car for $5410. The the car loan is 13.30% finance over six years what is the monthly payment?
7. what is the most that you will pay for an investment that promises you $8418 a year forever with the first payment starting one year from now assume that your required rate of return for this investment is 29.42%