You just borrowed $50,000 to buy a car. You will pay back this loan with monthly payments of $1,610 for 4 years. What is the APR (annual percentage rate) on this loan?

What is the effective annual rate associated with an 8% nominal annual rate (r = 0.08) when interest is compounded (1) annually: (2) semiannually: (3) quarterly: (4)monthly:

You negotiate a great deal and your bank agrees to lend you money for 30 years at 4% APR (annual percentage rate). The house costs $300,000 and you pay 20% down and finance the rest. (1) Monthly payment: (2) The interest payment portion of 1st Monthly payment: (3) The principal payment portion of the 1st Monthly payment: (4) Balance after the 1st payment:

You end up with $20,000 after investing for 20 years at 8% annually. What was the PV?