Number of results: 51,317

**Finance**

Demand of Bonds Point Price of bond Interest rate (i) Demand A $925 (1000 - 925)/ 925 = 8.1% $100 billion B $800 (1000 - 800)/ 800 = 25% $400 billion Table 2: Supply of Bonds Point Price of bond Interest rate (i) Demand A $925 8.1% $400 billion B $800 25 % $100 billion Draw ...

*November 12, 2010 by carey*

**Algebra 1 --Please help me!**

The formula A = P + I shows that the total amount of money A received from an investment equals the principal P (the original amount of money invested) plus the interest I. Solve this formula for I.

*September 30, 2013 by Anonymous*

**Finance**

Karl can afford car payments of $235 a month for 48 months. The bank will lend him money to buy a car at 7.75 percent interest. How much money can he afford to borrow?

*February 25, 2014 by Alec*

**Math-NPV**

Net Present Value Big Steve's makers of swizzle sticks, is considering the purchase of a new plastic stamping machine. This investment requires an initial outlay of $110,000 and will generate net cash inflows of $17,000 per year for 11 years. a. what is the projects NPV using ...

*June 15, 2015 by Callie*

**science linear prog**

A small farm in Illinois has 110 acres of land available on which to grow corn and soybeans. The following table shows the cultivation cost per acre, the labor cost per acre, and the expected profit per acre. The column on the right shows the amount of money available for each...

*October 25, 2013 by Duke*

**Mathematics**

Mrs. Sheela purchased a sewing machine and made a down payment of Rs.1000. She agreed to pay Rs .60 per month thereafter for one year. If the interest Raye was 7% compounded monthly, what was the cash price of the machine?

*August 16, 2015 by Billy*

**math**

You manage inventory for your company and use a continuous review inventory system to control reordering items for stock. Your company is open for business 310 days per year. One of your most important items experiences demand of 24 units per day, normally distributed with a ...

*July 17, 2012 by Candace*

**msu**

As compared to its first year of operation, ABC company grew 8% in the second year and an additional 2% per year for the next two years. If total growth for years 2-4 was $45,000 over the first year’s sales of $150,000, how much did ABC grow in year 2?

*April 8, 2012 by nicole*

**math**

As compared to its first year of operation, ABC company grew 8% in the second year and an additional 2% per year for the next two years. If total growth for years 2-4 was $45,000 over the first year’s sales of $150,000, how much did ABC grow in year 2?

*June 1, 2012 by Anonymous*

**Algebra**

I am not sure how to solve this problem. Could someone please help and explain the proper steps. Annual interest of 2.5% paid if the balance exceeds $750, $8 monthly fee if the account falls below minimum balance $815, account falls below $750 during 4 months.

*August 6, 2013 by Tricia*

**Finance**

Can anyone offer help to me by explaining how I can answer this question? The current rate on 5-year T-Notes is 7% and the current rate on 10-year T-Notes is 9%. What should you expect the rate to be on 5-year T-Notes in 5 years? I am not looking for the answer directly, just ...

*January 22, 2007 by Nicole*

**Physical Science**

If the Mid-Atlantic Ridg opens at the rate of 5 centemeters per year, how much farther apart will Paris and New York be in a 1,000 years?

*November 25, 2013 by Harold*

**iun**

kim won 60,000 dollars. she invested part at 2 percent interest and the rest at 3 percent interest. if she earned total of 1600 dollars in interest. how much was invested at each rate?

*September 14, 2011 by Anonymous*

**accounting**

Derm Travel Agency accepted a four-month, 9% interest rate, 52.000 note from one otits customers on May 1, 2008. The entire balance is payable at the notes maturity. Prepare the May 31 adjusting journal entry related to this note. Do I debit cash and interest receivable; and ...

*November 13, 2010 by Q*

**finance**

I'm not sure how to approach this problem What is the fair value of a 10-year annuity of $5,000 whose payment will start five years from now and last until fourteen years from now (10 payments), if the interest rate is 8%?

*February 1, 2011 by help w/ business*

**maths-urgently needed**

A man invests Rs 3,20,000 for 2 years at 12.5% p.a. compounded annually. If the income tax at the rate of 20% is deducted at the end of each year, on interest accrued, find the amount he received at the end of 2 years.

*February 10, 2013 by Anonymous*

**TURNER**

SUPPOSE PAYMENT WHERE MADE AT THE END OF EACH MONTH INTO AN ORDINARY ANNUNITY INTEREST AT THE RATE OF 4.5%/YEAR COMPOUNDED MONTHLY. IF THE FUTURE VALUE OF THE ANNUNITY AFTER 13 YEARS IS $65,000 WHAT WAS THE SIZE OF EACH PAYMENT

*October 14, 2016 by Anonymous*

**math**

margaret Hillman invested $4,000 at 1.2% compounded quarterly for one year. find the futrue value and the interest earned for the year

*May 25, 2015 by Anoymous*

**math**

Nancy Tai has recently opened a resolving charge account with MasterCard. Her credit limits is $ 1,000, but she not charged that much since opening the account. Nancy hasn't had the time to review her monthly statement promptly as she should, but over the upcoming weekend she ...

*June 26, 2014 by Peter*

**Finance for the Healthcare Professional**

How does the frequency of interest compounding, regardless of the rate of interest or period of accumulation, affect the future value of any given amount?

*January 12, 2010 by Opal*

**real estate financing**

If the interest rate on a $250,500 loan is 6½ percent for a term of 30 years, what is the principal and interest (PI) payment for the first month?

*September 24, 2012 by kathey*

**math**

For the following scenario, develop an equation and a set of 5 ordered pairs for equation: 1. the amount a sales person earns is a flat rate plus commission. 2. the volume of fuel in a snowmobiles tank related the distance travelled. 3. the cost of a hotel room is a flat fee ...

*March 4, 2015 by tj*

**Fiance applications**

A stock’s 2009 Earnings-per-share is $4.50. Its Payout Ratio is 30%. Next year in 2010 it expects its Earnings-per-share to be $4.75. Answer the following two questions please, and select the correct choice: 1. What is the current 2009 dividend? 2. What will next year’s ...

*March 14, 2010 by Suzie*

**St. line depreciation & salvage value**

A USED CONCRETE PUMPING TRUCK CAN BE PURCHASED FOR 125,000 DOLLARS. THE OPERATING COST ARE EXPECTED TO BE 65,000 DOLLARS AT THE FIRST YEAR & INCREASE BY 5% EACH YAER THEREAFTER. AS A RESULT OF THE PURCHASE, THE COMPANY WILL SEE IN INCREASE IN INCOME OF 100,000 DOLLARS THE ...

*February 6, 2010 by rk*

**St. line depreciation & salvage value**

A used concrete pumping truck can be purchased for 125,000 dollars. The operating cost are expected to be 65,000 dollars at the first year & increase by 5% each yaer thereafter. As a result of the purchase, the company will see in increase in income of 100,000 dollars the ...

*February 6, 2010 by rk*

**financial project**

Five (5) years ago, you bought a house for $171,000, with a down payment of $30,000, which meant you took out a loan for $141,000. Your interest rate was 5.75% fixed. You would like to pay more on your loan. You check your bank statement and find the following information: ...

*March 2, 2013 by Anonymous*

**Finance**

You are considering buying 100 shares of TEXAS INC common stock. The common stock is expected to pay a dividend of $2.50 a year from today; the growth rate of the dividends is 8% for two years, then level off to a constant rate of 5% per year. The correlation between TEXAS Inc...

*June 14, 2013 by Sally*

**Macroeconomics**

The money supply in Freedonia is $200 billion. Nominal GDP is $800 billion and real GDP is $400 billion. Assuming that velocity is stable, if real GDP grows by 10 percent this year, and if the money supply does not change this year, what is the change of price level?

*April 9, 2013 by Jess*

**linear equation**

A financial advisor is about to build an investment portfolio for a client who has $100000 to invest. The four investments available are A,B,C, and D. Investment A will earn 4 percent and has risk of two “points” per $ 1000 invested. B earns 6 percent with 3 risk points; C...

*February 26, 2010 by Sam*

**algebra**

Sylvia Acuff invested money received from an inheritance for 9 months at 8% interest. If she received $720 interest on her investment during this time, find the amount that she invested.

*August 21, 2012 by Felicia*

**Corporate Finance**

Your firm is looking at 3 projects, each costing $500,000: A is estimated to save $125,000 per year for 5 years; B is estimated to save $75,000 for 6 years plus generate tax savings of $20,000 per year; C is estimated to save $75,000 per year for 10 years but requires ...

*April 28, 2013 by Brad*

**Math**

Question An investor puts $15,000 into each of four stocks, labeled A, B, C, and D. The table shown below contains the means and standard deviations of the annual returns of these four stocks. Stock Mean Annual Return Standard Deviation of Annual Return A 0.15 0.05 B 0.18 0.07...

*October 15, 2013 by Kessy*

**economics**

Question.1 Your aunt is thinking about opening a hardware store. She estimates that it would cost $500,000 per year to rent the location and buy the stock. In addition, she would have to quit her $50,000 per year job as an accountant. a. Define opportunity cost. b. What is ...

*December 9, 2016 by meh*

**Algebra**

The linear equation y=0.15x+0.79 represents an estimate of the average cost of gas for year x starting in 1997. the year 1997 would be represented by x=1, for example, as it is the first year in the study. similarly, 2005 would be year 9, or x=9 A) what year would be ...

*January 6, 2012 by Marcus*

**Alg2**

Zeus Industries bought a computer for $2500. It is expected to depreciate at a rate of 20% per year. What will the value of the computer be in 2 years?

*December 6, 2011 by Rock*

**11th grade-Calculas**

The number of hours of daylight D depends upon the latitude and the day t of the year and is given by the equation : D(t)=12+Asin(((2pi)/(365))(t-80)) where A depends only on the latitude (and not t). for latitude 30 degress, A is about 2.3 1. When is the number of hours of ...

*April 5, 2009 by Anonymous*

**Math 20(interest rates)**

Determine the amount of interest charged on a loan of $5000 at 6.75% per annum, compounded semi-annually for 3 years.

*October 2, 2010 by Sandi*

**Maths **

Peter deposit k180600 with bsp which offers 6 1/4% per annum interest. Calculate the interest earned after 6 years if it is compounded:

*March 17, 2017 by Regina *

**Maths**

Peter deposit k180600 with bsp which offers 6 1/4% per annum interest. Calculate the Interest earned after 6 years if it is compounded:

*March 17, 2017 by Razah*

**calculus**

The number of hours of daylight D depends upon the latitude and the day t of the year and is given by the equation : D(t)=12+Asin(((2pi)/(365))(t-80)) where A depends only on the latitude (and not t). for latitude 30 degress, A is about 2.3 1. When is the number of hours of ...

*April 5, 2009 by Anonymous*

**Stats**

1.Number of people in attendance at a baseball game qualitative/ordinal qualitative/nominal quantitative/discrete quantitative/continuous 2. number of tracks on a CD qualitative/ordinal qualitative/nominal quantitative/discrete quantitative/continuous 3.eye color qualitative/...

*August 11, 2014 by Kathryn*

**math**

Assume a 30 month CD purchased for 2000 pay simple interest at an annual rate of 5.5%. How much total interest does it turn what is the balance at maturity. They want to know the total interest and the balance at maturity and they want us to give our answer to two decimal places

*January 16, 2016 by matt*

**Math**

Which inequality represents this situation? Ari works h hours each day. He earns $21 per hour. Ari earns less than $150 a day. How many hours does he work each day? a. 21h > 150 b.21 + h < 150 c.h/21 < 150 d.21h < 150

*August 10, 2015 by Pam*

**math**

Pete invests $10,000 in a certificate of deposit that earns 3% interest, compounded yearly. What will be the compounded income at the end of 5 years

*October 3, 2016 by britany*

**FINANCE**

8. Suppose that the current one-year rate (one-year spot rate) and expected one-year T-bill rates over the following three years (i.e., years 2, 3, and 4, respectively) are as follows: 1R1 = 5 percent, E(2r1) = 6 percent, E(3r1) = 7.5 percent E(4r1) = 6.85 percent Using the ...

*October 31, 2014 by Anonymous*

**nebinger**

Tom earns 5$ more than marge. how much does she earn per hour?

*May 16, 2008 by keyasia*

**Math**

Jeff earns 1200 per week and has 4 deductions what is his net pay

*April 12, 2013 by Rhonda*

**accounting**

Davis Company was started on January 1, 2012. During the month of January, Davis earned $4,600 of revenue and incurred $3,000 of expense. Davis closes its books on December 31 of each year. Required a. Determine the balance in the Retained Earnings account as of January 31, ...

*September 5, 2012 by jessica*

**Accounting**

Davis Company was started on January 1, 2012. During the month of January, Davis earned $4,600 of revenue and incurred $3,000 of expense. Davis closes its books on December 31 of each year. Required a. Determine the balance in the Retained Earnings account as of January 31, ...

*January 20, 2017 by sammy*

**math please help me**

vickie earns $20,000 a year as a bookkeeper. if she receives a raise of 2%, how could her new total salary be represented?

*August 29, 2011 by Anonymous*

**Math**

An athlete earns $350,000 each year. If his team makes the play-offs, he will earn a 15% bonus. What will be his total earnings for a year if his team makes the play-offs?

*January 10, 2016 by Nerd1234*

**Math**

Will you please check my answers? 1. Mary Stevens earns $6 an hour at her job and is entitled to time-and-a-half for overtime, and double time on holidays. Last week she worked 40 hours of regular time, 6 1/2 hours of overtime, and 8 hours of holiday time. How much did she ...

*January 14, 2013 by Macy*

**Math**

Will you please check my answers? 1. Mary Stevens earns $6 an hour at her job and is entitled to time-and-a-half for overtime, and double time on holidays. Last week she worked 40 hours of regular time, 6 1/2 hours of overtime, and 8 hours of holiday time. How much did she ...

*January 15, 2013 by Anonymous*

**math**

country A has a growth rate of 3.8% per year. The population is currently 5,592,000 and the land area of country A is 14,000,000,000 sq yds. Assuming this growth rate continues and is exponential, after how long will there be one person for every sq yd of land?

*June 23, 2015 by Beth*

**math**

a factory increases the production of cars annually by 8% if presently it manufactures 211000 cars per year, how many cars will it manufacture per year after 4 yrs. I believe the answer is 287,063 but I need to know the formula

*November 7, 2010 by paully*

**Math**

Determine whether f is continuous at x=c in the function. Use the 3 conditions of continuity to justify your answer. f(x) = x-1/x+1 c=-1 My answer is not continuous. Am I correct?

*May 1, 2010 by Abbey(Please help)*

**math**

Use the TVM Solver to calculate the amount you should make in monthly payments into an investment account if you want to have $1,000,000 in 60 years. The account pays 3.9% interest compunded monthly and you will make an intial investment of $25,000

*May 19, 2016 by sam*

**economic**

The owner of a manufacturing plant borrows $170,000 to buy new robotic equipment for the plant. The loan is to be repaid over 17 years in equal quarterly payments at 4% annual interest with no payments for the first year (interest does accrue the first year). How much will the...

*February 7, 2016 by aryona*

**Programming Logic and Design**

This is my 3rd time posting this problem because I didn't get any help before...assistance would be appreciated. Create the logic for a program that calculates and displays the amount of money you would have if you invested $3000 at 2.65 percent interest for one year. Create a...

*August 15, 2014 by Lauren*

**math**

A sum of money invested at compound interest amounts to Rs.4,624 in 2 years and to Rs.4,913 in 3 years. The sum of money is:

*November 9, 2015 by Haroon Gondal*

**Consumer Math**

Will you please check my answers? 1. Mary Stevens earns $6 an hour at her job and is entitled to time-and-a-half for overtime, and double time on holidays. Last week she worked 40 hours of regular time, 6 1/2 hours of overtime, and 8 hours of holiday time. How much did she ...

*January 14, 2013 by Macy*

**math**

Mr. Chang and his wife together had an unpaid balance of $500 on their credit cards for one month. THe bank that issued Mr. Chang's credit card charges an intrest rate of 1.25% a month and his wife's interest is 1.5 per month. If the total interest finance charge was $6.75 how...

*February 14, 2010 by Mary*

**accounting**

Harris Fabrics computes its predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 20,000 direct labor-hours would be required for the period? estimated level of production. The company also estimated $94,000 of...

*February 27, 2016 by sandra*

**math**

jessica borrow$9000 from the bank to purchase a used car.the bank has given her an interest rate of 7.5%annually for a period of 2 1/2 year what is the total amount she will have to pay back at the end of the loan A)$1687.50 b)$9,000 c)$10,687.50 D)$16,875

*January 12, 2010 by makeeda*

**math**

Suppose payments were made at the end of each month into an ordinary annuity earning interest at the rate of 8%/year compounded monthly. If the future value of the annuity after 14 yr is $70,000, what was the size of each payment? (Round your answer to the nearest cent.)

*May 9, 2012 by Kristen*

**Finance**

Interest rates on 2-year Treasury securities are currently 5.00%, while 5-year Treasury securities yield 10.00%. If the pure expectations theory is correct, what does the market believe that 3-year securities will be yielding 2 years from now?

*October 5, 2014 by Morgan*

**math %**

I loaned Johnnie $5000.00 to be repaid $250.00 monthly loan past due nothing was every paid / interest rate is 10% what does johnnie owe me loaned year 2010 now it is Oct 2012?

*October 24, 2012 by treasure roy*

**financial alg**

Forrest purchased a car for $20,640. He made a down payment of $2,440. He applied for a five-year installment loan with an interest rate of 10.4%. What is the total cost of the car after five years?

*May 12, 2013 by Janae*

**Find the rate of change**

Taxes: Along with incomes, peoples charitable contributions have steadily increased over the past few years. The table shows the average deduction for charitable contributions reported on individual income tax returns for the period 2007 to 2012. Find the average rate of ...

*April 17, 2013 by Emily*

**Math**

$15,000 in the bank at 3% interest, how much would you have in the bank after one year if the interest were compounded quarterly

*August 9, 2012 by Trina*

**math**

the normal work load of the members of an operation, maintenance and repair group is forty hours per week. it employs 75 persons. and each is scheduled for two weeks vacation per year. what is the total amount of time worked by this group in a year?

*October 13, 2014 by milton*

**Math**

3. In the small country of Varia, a bill becomes law only if of the senators approve it. What percentage is ? (1 point) 53% 58% 68% 88% 4. Write the percent 96.55% as a decimal. (1 point) 9655 965.5 0.9655 9.655 5. Liam wants to buy a bicycle that costs $290.00. His parents ...

*December 6, 2012 by Jane*

**English**

Can you please check these sentences for me? Thank you. 1) If I won 2 million Euros at the lottery, I would transfer part of the money on(to) my bank account and invest it (in state bonds/government securities) 2)I would buy myself a house in the mountains and one at the ...

*March 21, 2011 by Mike*

**gtuc**

1. WRITE A PROGRAM TO CALCULATRE THE AREA OF A RECTANGLE OF LENGTH =5 CM AND BREADTH=8CM. 2. CALCULATE THE PRICE OF AN ITEM COSTING 100 GHANA CEDIS AFTER A DISCOUNT OF 10% IS APPLIED TO IT. 3. WRITE A PROGRAM TO CALCULATE THE SIMPLE INTEREST ON A LOAN AMONUT OF 50000 GHANA ...

*February 26, 2016 by jojo*

**statistics please help!**

A total of 8,000 dollars is invested at anunual interest rate of 1%. Find the balance after 1.5 years, if the interest is compounded annually. using A=p(1+r/n)^nt

*April 12, 2010 by mark*

**finance**

If you invested $1000 today at a rate of 5% for five years, and periodically you withdrew the interest earned, what type of interest is calculated for during the term of the investment?

*May 1, 2011 by kay*

**Algebra 2**

What simple interest rate will Susan need to secure to make $2,500 in interest on a $10,000 principal over 5 years? how would i figure this out?

*June 28, 2012 by Anonymous*

**Math Personal Finance**

Assume a 30-month CD purchased for pays simple interest at an annual rate of 5.5%. How much total interest does it earn? What is the balance at maturity?

*June 8, 2014 by Alexis*

**math**

Sally has a balance of $2845 on her credit card. What rate of simple interest is she being charged if she must pay $26.19 interest for the 12 days her payment is late?

*April 17, 2015 by Gina*

**Finance**

Assume a 30-month CD purchased for pays simple interest at an annual rate of 5.5%. 1. How much total interest does it earn? 2. What is the balance at maturity? (2 decimal places)

*June 20, 2015 by Anonymous*

**Pre calc**

Bo has $800 that he wants to turn into $1100 in 5 years. If interest is compounded daily, calculate the interest rate he would need to make this happen.

*November 12, 2015 by Mike*

**math models**

Martin invested $6,500 in a bank at a simple interest rate of 6.5%. How much interest would he receive after 4 years? Use I=PRT

*October 6, 2016 by heidi*

**Math**

Find how much money there will be in the account after the given number of years. Principle $8500 Rate 4% Coumpounded quarterly Time 4 yeats A=8500(1+.04/4)raised to 40th power A=8500(1.01)raised to 40th power I am stuck here, how do you raise to the 40th power

*August 27, 2011 by Shay*

**Business Math ( Future ordinary Annuities)**

Howard has deposited RM1000 at the end of each month into a retirement savings plan for the last 10 years in his working life. His deposits earned an interest rate of 2.5% per month for the first 4 years and 3% per month for the rest of the years. What is the accumulated value...

*December 10, 2016 by Tracy*

**Criminal Justice/Judicial Process**

While legal experts recommend a felony caseload of no more than __________ per attorney per year, some attorneys represent upwards of 1,000 indigent defendants in any given year. A. 200 B. 100 C. 150 D. 50 I think it's A, but not sure

*February 8, 2015 by Pat*

**accounting**

Accounting 103 ScrawnyOcean2290 asked Dominic Hunter, a second-year business student at the University of Utah, will graduate in two years with an accounting major and a Spanish minor. Hunter is trying to decide where to work this summer. He has two choices: work full-time for...

*August 5, 2012 by dal*

**English**

I have a last question.It's urgent. While I was getting ready for school, my mum made/was making breakfast for me. I think I should you the past continuous in both cases because the two actions are continuous.

*May 1, 2011 by Henry1*

**Math**

Find the amount of interest and the monthly payment for the loan. Purchase a living room set for $3,600 at 12% add-on interest for 2 years. (Round your monthly payment to the nearest cent.) $_____ interest $_____ per month

*December 4, 2012 by Ms Jackie*

**algebra**

Please double check my answers? If they're wrong can you explain how to do it right? My math book doesn't have examples for all of these scenarios and I really don't want to fail this assignment. I don't normally look for help online, but I'm kinda desperate. When I couldn't ...

*September 5, 2012 by Mittens*

**Math- double check me please**

In a shipment of 1200 parts, 60 were found to be defective. What percent of the parts were faulty? a.60 b. 1200 c what percent d. shipment answer:a Ms. Jefferson has been given a loan of 20,000 for a 1 year. If the interest charged is $800, what is the interest rate on the ...

*March 28, 2008 by Sherrie*

**Pre Calculus 1**

thirty percent of a radioactive substance decays in four years. assuming the decay is exponential, find the half life of the substance. the beginning of 1975 the population of a country was 40 million and growing at a rate of 3% per year. Assume that the growth is exponential...

*November 18, 2015 by Yasmine*

**math**

Value of a new car depreciates at a rate of 12% per year. Approximately how many years will it take until the car is worth $2300?

*March 16, 2013 by Hasane*

**Math**

Shantle and Kwamie are planning to buy their first home. Although they are excited about the prospect of being homeowners, they are also a little frightened. A mortgage payment for the next 30 years sounds like a huge commitment. They visited a few developments and scanned the...

*July 9, 2014 by Chol*

**Math**

A car dealer will sell you a used car for $6,664 with $664 down and payments of $174.50 per month for 48 months, what is the simple interest rate?

*May 25, 2012 by Linda*

**Algebra**

A car dealer will sell you a used car for 5,107 with 107 down and payments of $152.92 per month for 48 months. What is the simple interest rate?

*August 3, 2012 by Tammie*

**Math**

Mary borrows €8,500 for three years at an interest rate of 4.5% per annum.if she makes no repayments,how much will she owe at the end of the three years?

*April 17, 2016 by Keeva*

**Maths Compound Interest**

In a experiment the count of bacteria was increasing at the rate of 2.5% per hour. Initially, the count was 512000.Find the bacteria at the end of 2 hours?

*August 19, 2016 by Vivek*

**Business Finance**

Vandalay Industries is considering the purchase of a new machine for the production of latex. Machine A costs $2,190,000 and will last for 7 years. Variable costs are 38 percent of sales, and fixed costs are $122,000 per year. Machine B costs $4,530,000 and will last for 11 ...

*December 4, 2010 by Leigh*

**algebra**

An annuity pays 7300 dollars on January 1 of each year, starting on January 1, 2000. If 16 payments are made and the effective rate of interest is 8.5 percent, what is the present value of the annuity on January 1, 1999?

*November 14, 2011 by Anonymous*

**Finance**

Say that you purchase a house for $270,000 by getting a mortgage for $235,000 and paying a $35,000 down payment. If you get a 15-year mortgage with a 8 percent interest rate, what are the monthly payments?

*February 27, 2012 by Brittany*