A series of equal quarterly payments of $\$ 1,000$ extends over a period of five years. What is the present worth of this quarterly-payment series at $9.75 \%$ interest compounded continuously?

Simple interest is the amount of money the borrower pays based on the amount borrowed (the principal) for a given period of time (months or years) It is calculated this way: $I = p r t .$ If a person borrows $20,000 ( p ) to buy a car, pays 6.95% interest ( r ), and takes 5 years ( t ) to repay the loan, how much will the borrower pay in simple interest?

Use the appropriate compound interest formula to compute the balance in account after the stated period of time. $\$ 25,000$ is invested for $5$ years with an APR of $3 \%$ and daily compounding.

A sum of $5000 is invested at an interest rate of$8 $\frac{1}{2}$ %$per year, compounded semiannually. After what period of time will the investment amount to$7000?

You deposit 1400 dollars in an account that pays 6 percent interest compounded yearly. Find the balance at the end of the given time period.

20 years

Will the consolidation of unrealized inter-company profits on an upstream sale or on a downstream sale in the current period have a greater effect on income assigned to the non-controlling interest? Why?

Use the appropriate compound interest formula to compute the balance in account after the stated period of time. $\$ 4000$ is invested for $20$ years with an APR of $6 \%$ and monthly compounding.

A home buyer wishes to take out a mortgage of $100,000 for a 30-year period. What monthly payment is required if the interest rate is (a) 9%, (b) 10%, (c) 12%?

Find the amount necessary to fund the given withdrawal (which are made at the end of the period).

Quarterly withdrawals of $800 for 4 years with interest rate 4.6%, compounded quarterly

A new bond you are considering buying has a face value of $1,000, an interest rate of 5 percent, and a maturity date eight years away. The bond is currently selling at 104. What is the current yield? What amount of interest would you earn in that time period?

You deposit 1400 dollars in an account that pays 6 percent interest compounded yearly. Find the balance at the end of the given time period.

8 years

You deposit 250 dollars in an account that pays 8 percent interest compounded yearly. Find the balance at the end of the given time period.

3 years

Find the future value of an annuity due of $\$ 2000$ paid at the beginning of each $6$-month period for $8$ years if the interest rate is $6 \%$ compounded semiannually.

Using the appropriate present value table and assuming a $12 \%$ annual interest rate, determine the present value on December 31,2018 , of a five-period annual annuity of $\$ 5,000$ under each of the following situations:

1. The first payment is received on December 31,2019 , and interest is compounded annually.
2. The first payment is received on December 31,2018 , and interest is compounded annually.
3. The first payment is received on December 31,2019 , and interest is compounded quarterly.