1.Suppose you plan to deposit $1500 into an account in one year
and $1800 into the account in three years.
How much will be in the account in five years if the interest
rate is 8%?
2.•Suppose you borrow $10,000 from your parents to buy a
car.
You agree to pay $207.58 per month for 60 months.
What is the annual interest rate?
3.•Suppose you borrow $2,000 at 5%, and you are going to make
annual payments of $734.42.
•How long before you pay off the loan?
please provide formulas. thank you
1.Suppose you plan to deposit $1500 into an account in one year and $1800 into the account in three years. How much will
-
- Site Admin
- Posts: 899603
- Joined: Mon Aug 02, 2021 8:13 am