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Category > Business & Finance Posted 02 Aug 2017 My Price 7.00

Research the historical price of

Research the historical price of 

1) a car 

2) a house. 

Find the price of the item 20 years ago. Calculate the change in price in the 20 years.

Ending price/Beginning price = FV factor = look at the future value table n =20 years and see what the factor falls between. That gives you the interest rate.


Joseph has just accepted a job as a stockbroker. He estimates his gross pay each year for the next 3 years is $35,000 in year 1, $21,000 in year 2, and $32,000 in year 3. What is the present value of these cash flows if they are discounted at 4%? 

Christine has just purchased a used Mercedes for $18,995. She plans to make a $2,500 down payment on the new car. What is the amount of her monthly payment on the remaining loan if she must pay 12% annual interest on a 24-month car loan?

Daniel deposits $2,000 per year at the end of the year for the next 15 years into an IRA account that currently pays 7%. How much will Daniel have on deposit at the end of the 15 years?

Cecilia bought 100 shares on Minnesota Mining and Manufacturing on June 1987 for $38 a share for a total investment of $3800. She sold the shares in June 1996 for $8960.What is Cecilia’s annual rate of return on her investment?

What would be the future value of a loan of $1000 for 2 years if the bank offered a 10% interest rate compounded semiannually?

Answers

Homework Helper
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Status NEW Posted 02 Aug 2017 06:08 PM My Price 7.00

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