What amount should creditor accept in payment immediately

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Reference no: EM131981765

If you owe $45,000 payable at the end of eight years, what amount should your creditor accept in payment immediately if the interest rate on the loan is 13 percent? (Enter your answer as a positive number rounded to 2 decimal places.)

You have decided to start saving money for your future. What is the future value of a 7-year annuity of $3,700 per year, assuming that you make your first payment today and the interest rate is 10 percent? (Enter your answer as a positive number rounded to 2 decimal places.)

You need to have $25,856 available at the end of 9 years. How much to do you have invest each year, starting at the end of this year, for 9 years to achieve this goal? (Enter your answer as a positive number rounded to 2 decimal places.)

Reference no: EM131981765

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