Solve the formula for approximate annual interest rate for the variable indicaled.

$A=\frac{24 f}{B(p+1)}$ for B

Find the missing value.

Principal        Rate          Time             Simple Interest
$600             4%            _____$72

What is the monthly payment for a $\$ 40,000$ loan for 4 years with an annual interest rate of 4.8$\% ?$

If $\$ 5,000$ is loaned for $9$ months at a $6.2 \%$ annual rate, how much interest is earned?

Find the missing value.

Principal        Rate          Time             Simple Interest
$1,250           5%            _____$375

Would a Treasury bond or a junk bond generally pay a higher interest rate? Explain.

If $\$ 3,000$ is loaned for $4$ months at a $4.5 \%$ annual rate, how much interest is earned?

Find the mortgage payment for a 25-year loan of $129,000 at an annual interest rate of 7.75%.

Find the interest rate needed for $\$ 6000$ to grow to $\$ 8000$ in 3 years with continuous compounding.

Find the missing value.

Principal        Rate          Time             Simple Interest
$15,000          11%           ____$742.50

Solve the formula for approximate annual interest rate for the variable indicaled.

$A=\frac{24 f}{B(p+1)}$ for f

What are the similarities and differences between stock dividends, a bond coupon rate, and interest on a CD?

What is the monthly payment for a $ 40,000 loan for 4 years with an annual interest rate of 4.8%?

Find the mortgage payment for a 15-year loan of $223,500 at an annual interest rate of 8.15%.