Determine the monthly interest

Assignment Help HR Management

Reference no: EM13748515

1. If you borrow $10,000 for 8 months at 6%, how much interest must you pay?

2. The current annual interest rate is 3%. You buy a car for $25,000 with full payment due in 6 months. What is the opportunity cost to the seller?

3. A loan is completely renegotiated every 6 months. Determine the monthly interest due per $1000 if the interest rate is 5%.

4. You have negotiated to pay the seller of a house $300,000 2 months from now. The current interest rate is 4%. How much would you offer to pay for the house if you could close on the deal today?

5. A person spends $60.00 on a manicure every month and $80.00 on a massage every quarter. If these luxuries were deferred, and the money deposited in a money market fund with 2% annual interest rate, how much would you have after 10 years?

6. You have deposited $100 per month in an account for 10 years. At the end of 10 years, you find that you have $18,000 in the account. What was the annual rate?

7. On your 40th birthday, you decide to put $500 every quarter into an account with interest compounding quarterly at 3% for a period of 20 years. You anticipate taking the balance at age 60 to deposit into a mutual fund with 2% interest compounded annually for 7 years. Every year, you add $1000 cash to the mutual fund. How much will you have at age 67? Show formulas

8. At 20 year $10,000 bond with a 6% coupon rate was issued 5 years ago and is now available for purchase. The current rate for similar bonds today is 4%. How much is the bond worth?

Reference no: EM13748515

Questions Cloud

Which are part of the greek legacy to the modern world : Which are part of the Greek legacy to the modern world? the idea that people should have a voice in how they are governed. admiration for the human body as an object of beauty

Investing for several years : Alice has now been investing for several years and she would like to build an investment portfolio. Her investment objectives are moderate risk with a 25-year time horizon.

Write an essay on the teachings of confucianism : Write an essay on the teachings of Confucianism.

Dividend per share on yahoo finance or google finance : Look up Facebook's dividend per share on Yahoo Finance or Google Finance. What should be its price according to the Gordon model?

Determine the monthly interest : A loan is completely renegotiated every 6 months. Determine the monthly interest due per $1000 if the interest rate is 5%.

List the make and model of each component : You will use the theoretical studies of computer hardware and software (SW) and apply them to a study of real-world IT products. list the make and model of each component

What was life like in the nations cities during the 1990s : What was life like in the nation's cities during the 1990's?

Solve for the valuation of the marginal consumer : Construct the normal form of this game assuming consumers move simultaneously and choose between two strategies - what is the firm's profit-maximizing price? Explain.

What creed did dr king base his dream off of : What creed did dr.king base his dream off of?

User Account

All Pages