The current annual rate of interest on your mortgage loan is 3.00%. However, your mortgage was written as a variable rate note and you have just been informed the rate will be increasing by 1/8 of one percent. Compute the new adjusted annual rate of interest on your mortgage?

Report the answer using two decimal places in accordance with class protocol (e.g. 5.55 not 0.06).

Jill and Bob Grower want to purchase 120 acres of farmland valued at $12,000 per acre. The ABC Bank requires a 10 % down payment, charges 5.00% annual rate of interest, and will finance the note for 25 years. Compute the initial amount of the loan.

Report the answer as dollars and cents.

Jill and Bob Grower want to purchase 120 acres of farmland valued at $12,000 per acre. The ABC Bank requires a 10 % down payment, charges 5.00% annual rate of interest, and will finance the note for 25 years. Compute the amount of the annual loan payment.

Report the answer as dollars and cents.

Your target is to have $1.5 million in an account when you retire. If you plan to retire in 30 years and you can earn 6.50% compounded annually, what is the fixed amount you must deposit each year to reach your target? Report the answer as dollars and cents.

Jill and Bob Grower want to purchase 120 acres of farmland valued at $12,000 per acre. The ABC Bank requires a 10 % down payment, charges 5.00% annual rate of interest, and will finance the note for 25 years. Compute the total amount of money (principal plus interest) Jill and Bob will have paid to the bank over the life of this loan.

Report the answer as dollars and cents.

Calculate the percentage change in value for a stock you purchased for $250 per share and sold one-year later for $200 per share.

Report the answer using two decimal places in accordance with class protocol (e.g. 5.55 not 0.06).

Jill and Bob Grower want to purchase 120 acres of farmland valued at $12,000 per acre. The ABC Bank requires a 10 % down payment, charges 5.00% annual rate of interest, and will finance the note for 25 years. Compute the total amount of interest paid to the bank over the life of this loan.

Report the answer as dollars and cents.

Jill and Bob Grower want to purchase 120 acres of farmland valued at $12,000 per acre. The ABC Bank requires a 10 % down payment, charges 5.00% annual rate of interest, and will finance the note for 25 years. Compute the amount of the down payment.

Report the answer as dollars and cents.