You have borrowed a loan of $20,000 from Chase to buy a car. You have promised Chase to make mortgage style payments in each year. If you want to borrow this loan for two years and the interest rate is 2.5% every year, what is the interest payment in year one?

Bond A has a coupon rate of 10%, with a three-year maturity and a face value of $1,000. If the discount rate now or future is 10%, you want to buy bond A now and hold it until its maturity, what is the total expected return for your investment?

You have borrowed a loan of $20,000 from Chase to buy a car. You have promised Chase to make mortgage style payments in each year. If you want to borrow this loan for one year and the interest rate is 2.5% every year, what is the total payment in year one?

annual payment