General instructions: Approximations and minor differences because of rounding are acceptable. Ignore the effect of taxes. Please assume that all percentages are annual rates and compounding occurs annually unless otherwise indicated.
-
Planning an amortization table for a three-year car loan at 2%
-
Investing $2,000 per year for 10 years at 5%
-
Calculating the monthly payment on a 20-year home mortgage of $150,000 at 3%
-
Finding the present value of a fund that will pay $1,000 the first year, $2,000 in the second year, and $3,500 in the third year
-
$11,770.24
-
$12,609.63
-
$13,187.79
-
$14,274.50
-
$53,918.13
-
$54,417.52
-
$57,685.30
-
$57,894.77
-
$50,400.00
-
$54,875.32
-
$55,394.56
-
$57,123.33
-
$6,878.97
-
$7,632.23
-
$8,142.52
-
$8,799.49
-
$42,400.00
-
$41,912.43
-
$40,775.89
-
$39,386.10
-
$94,704.35
-
$95,346.98
-
$95,255.12
-
$95,945.78