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Please answer all correctly Your bank is offering you on account that will pay 22% interest (an effective two-year rate) in total for a two-year
Please answer all correctly
Your bank is offering you on account that will pay 22% interest (an effective two-year rate) in total for a two-year deposit Determine the equivalent discount rate for the following periods a. Six months b. One year e. One month (Note: Be careful not to round any intermediate steps less than six decimal places) a. Six months The equivalent discount rate for a period length of six months is (Round to two decimal places) You have an outstanding student loan with required payments of $550 per month for the next four years. The interest rate on the loan is 10 APR (compounded monthly). Now that you realize your best investment is to prepay your student loan, you decide to prepay as much as you can each month Looking at your budget, you can afford to pay an extra $250 a month in addition to your required monthly payments of 1550, or $200 in total each month. How long will it take you to pay off the loan? (Note: Be careful not to round any intermediate steps less than six decimal places) The number of months to pay off the loan is (Round to two decimal places. You are thinking about investing $4,595 in your friend's landscaping business. Even though you know the investment is risky and you can't be sure you expect your investment to be worth $5,712 next year. You notice that the rate for one-year Treasury bills is 1%. However, you feel that other investments of equal risk to your friends landscape business offer an expected return of 11 for the vear. What should you do? The present value of the return is $ (Round to the nearest cent)
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