
  posted Feb 9 2014   Future Value Given a 7.25 percent interest rate, compute the year 7 future value of deposits made in years 1, 2, 3, and 4 of $2,100, $2,300, $2,600, and $2,600. $10,928.31 $12,530.29 $12,280.73 Future Value Given a 7.25 percent interest rate, compute the year 7 future value of deposits made in years 1, 2, 3, and 4 of $2,100, $2,300, $2,600, and $2,600.
$10,928.31
$12,530.29
$12,280.73
$13,107.23    ture Value Given a 7.25 percent interest r...(59 more words & 0 attachments).     view    posted Feb 9 2014   Present Value Given a 6 percent interest rate, compute the present value of deposits made in years 1, 2, 3, and 4 of $1,200, $1,400, $1,400, and $1,500. $5,506.00 $4,356.52 $4,741.68 $5,188.68 Present Value Given a 6 percent interest rate, compute the present value of deposits made in years 1, 2, 3, and 4 of $1,200, $1,400, $1,400, and $1,500.
$5,506.00
$4,356.52
$4,741.68
$5,188.68    ,400, $1,400, and $1,500.
$5,506.00
...(46 more words & 0 attachments).     view    posted Feb 9 2014   Your current $155,000 mortgage calls for monthly payments over 25 years at an annual rate interest rate of 6%. If you pay an additional $50 each month beginning with the first payment, how much inter Your current $155,000 mortgage calls for monthly payments over 25 years at an annual rate interest rate of 6%. If you pay an additional $50 each month beginning with the first payment, how much interest expense do you save by prepaying?
$17,152.22
$19,001.69
$16,009.62
$15,981.28    ave by prepaying?
$17,152.22
$19,001.69
$16,009.62...(58 more words & 0 attachments).     view    posted Feb 9 2014   A mortgage broker is offering a $225,000 30year mortgage with a teaser rate. In the first two years of the mortgage, the borrower makes monthly payments on only a 2.5% APR interest rate. After the s A mortgage broker is offering a $225,000 30year mortgage with a teaser rate. In the first two years of the mortgage, the borrower makes monthly payments on only a 2.5% APR interest rate. After the second year, the mortgage interest rate charged increases to 8.5% APR. What are the mortgage payments in the first two years? What are the mortgage payments after the second year?
$889.02; $1,677.09
$889.02; $1,650.61
$790.25; $1,512.93
$790.25; $1,309.13    the mortgage, the borrower makes monthly payments on only a 2.5% APR interest rate. After th...(74 more words & 0 attachments).     view    posted Feb 9 2014   Future Value Given an 8 percent interest rate, compute the year 7 future value if deposits of $1,500 and $2,500 are made in years 2 and 3, respectively, and a withdrawal of $2,000 is made in year 5. Future Value Given an 8 percent interest rate, compute the year 7 future value if deposits of $1,500 and $2,500 are made in years 2 and 3, respectively, and a withdrawal of $2,000 is made in year 5.
$3,433.60
$5,656.34
$1,909.42
$3,272.41    erest rate, compute the year 7 future value if de...(59 more words & 0 attachments).     view 

