Solution-What is the effective interest rate per payment

What is the effective interest rate per payment

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Reference no: EM131066819

1) What is the effective interest rate per payment, for payments that occur once every six months, when the interest rate is an annual 20% that is compounded weekly?

2) You have made an investment that pays you $2,000 at the end of the first year, and then decreases by 9% each year for 4 more years (5years total). What is the FUTURE worth of this investment? (interest rate= 9%).

3) You receive a $1,100 cash flow at Present which will repeat itself every THREE years to infinity. Assuming an annual interest rate of 10%, what would be the Capitalized Equivalent (CE)?

4) You took a $5,000 48-month car loan with 10% nominal annual interest rate. How much money do you still owe after the 23rd payment? (Assume monthly compounding on your interest rate and equal monthly payment).

Reference no: EM131066819

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What is the effective interest rate per payment

Reference no: EM131066819

Reference no: EM131066819

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