This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.
View Full Document
Unformatted text preview: Problem 3 (3 pts): How much will be accumulated in a fund, earning 6% yearly interest, at the end of 4 years if $750 is deposited at the end of each year for the 4 years? EGR 102 of 2 pages Lecture HW 02 2 Problem 4 (3 pts): How much principal will be paid (subtracted from the balance) and interest will be paid in each payment on a $10,000 loan with a 6 year term at 5% interest? Assume yearly payments. Build a table showing year, interest due, total owed, payment, and balance....
View
Full
Document
This note was uploaded on 02/03/2012 for the course EGR 102 taught by Professor Hinds during the Spring '09 term at Michigan State University.
 Spring '09
 HINDS

Click to edit the document details