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Reference no: EM132719927

1) Suppose that on January 1 you have a balance of ?$5300 on a credit card whose APR is 12?%, which you want to pay off in 1 year. Assume that you make no additional charges to the card after January 1.

a. Calculate your monthly payments.

b. When the card is paid? off, how much will you have paid since January? 1?

c. What percentage of your total payment from part? (b) is? interest?

2)Consider a student loan of ?$15,000 at a fixed APR of 12?% for 30 years.

a. Calculate the monthly payment.

b. Determine the total amount paid over the term of the loan.

c. Of the total amount? paid, what percentage is paid toward the principal and what percentage is paid for interest.

3) Company XYZ closed at ?$105.07 per share with a? P/E ratio of 12.51. Answer the following questions.

a. How much were earnings per? share?

b. Does the stock seem? overpriced, underpriced, or about right given that the historical? P/E ratio is? 12-14?

4) How much must be deposited today into the following account in order to have $70,000 in 7 years for a down payment on a? house? Assume no additional deposits are made. An account with annual compounding and an APR of 7?%

Reference no: EM132719927

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