You want to borrow $200,000. Three banks will loan you the money under the following terms: Bank A: 6.045% with monthly compounding; Bank B: 5.983% with weekly compounding; Bank C: 5.966% with daily compounding. From which bank should you accept a loan? (Assume 12 months, 52 weeks, and 365 days in the year)

Answer by entering,in percent to four decimals, the effective rate for the bank whoseloanyou should accept.

Investment X offers to pay you $675 per year for 20 years, whereas Investment Y offers to pay you $432 per year for 40 years, with payments for both starting one year from today. Both investments cost the same amount today. Which of these two cash flow streams should you prefer if the discount rate is 3.92 percent?

Answer by entering the present value (in $) of the cash flow stream you should prefer. Answer to two decimals

The future value (in $) of $8,209 in 7 years assuming an interest rate of 3.55 percent compounded 8 times per year is:

Answer to two decimals.

A bank offers you 12 percent per year compounded monthly (1 percent per month) on deposits. If you deposit $7,099 today, the amount you will have in 8 years is:

Answer to two decimals.