Q36. Leon's VISA balance is $793.15. He may pay it off in 12 equal end-of-month payments of $75 each. What interest rate is Leon paying?

Q37. Gina bought a car through financing which requires 60 equal monthly payment of $500 per month at the end of each month. Interest rate is 12% compounded monthly. What was the price of the car?

Q38. Royall Company purchased a machine by issuing a $30,000 zero-interest-bearing note which is due after five years. Implied interest rate is 5% compounded annually. At what amount should this machine be recorded?

Q39. What is future value of investing $2000 today at 12% after 3 years assuming interest is compounded monthly?

Q40. What is future value of investing $2000 today at 12% after 3 years assuming interest is compounded quarterly?