You are applying for auto loans where the local bank charges you an APR of 3.5% compounded monthly. Based on your income, the maximum amount you can pay is $550 per month for 4 years, where the payment is scheduled at the end of the month. How much is the car that you can afford?

Assume that the present value of the investment is 1000 and future value is 1403 after five years What is the annual interest rate (%i)?

  

After Donny passes on, Walter opens his own bowling alley. Annual revenue is $700,000 and annual costs are $350,000. Initially, the alley requires a $400,000 investment. What is the net present value at the end of the third year of operation, using a discount rate of 10% ? There are no taxes.