Question
You borrow $45,000 from a finance company at 12 % p.a. compounded annually to be repaid in four equal payments. The actual end-of-year payment is:
You borrow $45,000 from a finance company at 12 % p.a. compounded annually to be repaid in four equal payments. The actual end-of-year payment is:
What is the present value of a 24 year annuity with $2391 per annum and the annual interest is 11.1%?
What will be the future value of your savings in 8 years assuming you can deposit $7088 at the beginning of each year into an investment fund that earns 9.0% per annum?
In 2011 you purchased a residential property for $300000 and when you sold it six years later in 2017 you received a net amount of $770529 after all expenses. What is your annual compounded return?
Excellaires Kredit Bank is offering 4 percent per annum compounded daily on its savings accounts. If you deposit $300 today, how much will you have in the account in 20 years?
In the present value of a single cash flow formula, the time value of money component of (1+r)-n is ___________.
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