What are the monthly payments

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Reference no: EM131489086

Give an example of at least three time value of money problems in paragraph form. Please solve problem and show answers of the questions.

1. Bob wants to buy a house worth 200,000 dollars..His loan is a 8 year loan that collects interest at 4%. What are the monthly payments? How much will interest be after 4 years.

2. John gives his cousin a loan of 2,000 dollars. John will collect 6% interest for three years. How much will his investment make him?

3. A company makes 100,000 in year one and made 500,000 in year four. What is their rate of sale.

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Reference no: EM131489086

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