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