Please help solve everything with explanation. Thanks 1. Solve for T in the following cash flow using an interest rate of 11%. a. $1,237.59 b.
Please help solve everything with explanation. Thanks
1. Solve for T in the following cash flow using an interest rate of 11%.
2. Solve for B in the following cash flow using an interest rate of 11%.
3. Determine the net present worth (NPW) using an interest rate of 7% of the following cash flows.
| Year | 0 | 1 through 5 | 6 | 7 | 8 |
| Cash flow | -$14,000 | 2,500 | 2,700 | 2,900 | 3,100 |
4. Select the WRONG equation for the equivalent uniform cost from the list below. The interest rate is 18%.
| Year | Flow |
| 1 | X1 = $270 |
| 2 | X2 = $180 |
| 3 | X3 = $90 |
| 4 | 0 |
| 5 | X5 = $90 |
| 6 | X6 = $180 |
| 7 | X7 = $270 |
| a. | [270(F/P, 18%, 6) + 180(F/P, 18%, 5) + 90(F/P, 18%, 4) + 90(F/P, 18%, 2) + 180(F/P, 18%, 1) + 270]/7 |
| | b. 270 - 90(P/G, 18%, 7)(A/P, 18%, 7) + 180(P/G, 18%, 4)(P/F, 18%, 3)(A/P, 18%, 7) |
| c. | [270(F/P, 18%, 6) + 180(F/P, 18%, 5) + 90(F/P, 18%, 4) + 90(F/P, 18%, 2) + 180(F/P, 18%, 1) + 270](A/F, 18%, 7) |
| | d. [270(P/F, 18%, 1) + 180(P/F, 18%, 2) + 90(P/F, 18%, 3) + 90(P/F, 18%, 5) + 180(P/F, 18%, 6) + 270(P/F, 18%, 7)](A/P, 18%, 7) |
5. Money is a rather tight this month, and so you decide to borrow $800 from your local loan shark, "Mr. E.Z. Loan". He is willing to lend you the $800 if you will repay him $828.00 one month later. What nominal annual interest rate are you being charged?
6. A finance company offers a "12% plan". The cost of a one-year loan is 12%, and this cost is added to the loan. This total is then divided by 12 to get the monthly payments. Calculate the effective interest rate being charged for a loan of $9,000.
7. Jean Silva can earn 7.00% compounded continuously. If she deposits $10,000 now, how much money will she have after 1 year?
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