While you may calculate monthly average return

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1. You are considering two loans. The terms of the two loans are equivalent with the exception of the interest rates. Loan A offers a rate of 7.45 percent compounded daily. Loan B offers a rate of 7.5 percent compounded semi-annually. Which is the better offer?

2. Find the future value of the ordinary annuity. Interest is compounded annually unless otherwise indicated. PMT $7,500, i 9 % interest compounded semiannually for 7 years. Round the answer to the nearest cent.

3. You have been investing $120 a month for the last 15 years. Today, your investment account is worth $47,341.19. What is your average annual rate of return on your investments? While you may calculate a monthly average return, the question asks for an annual rate of return.

Reference no: EM131972777

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