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Unformatted text preview: $100 every six months for five years?
PMT=100, N=10, I=8.3%(EAR) PV=-662.02 5-9. Suppose you invest $100 in a bank account, and five years later it has grown to $134.39.
APR=6% b. WhatAPRdiyourecvfnswmpthly?
APR= 5.93% 5-12. Capital One is advertising a 60-month, 5.99% APR motorcycle loan. If you need to borrow $8000 to
purchase your dream Harley Davidson, what will your monthly payment be?
PV=8000, N=60, I=. 499 PMT = 154.63 5-13. Oppenheimer Bank is offering a 30-year mortgage with an EAR of 5. If you plan to borrow $150,000,
what will your monthly payment be?
I=((1+.05375)^1/12)-1 = .43725%, N=360, PV=-150000, PMT= -$828.03 5-16. You have just purchased a home and taken out a $500,000 mortgage. The mortgage has a 30-year
term with monthly payments and an APR of 6%.
PRINCAL=6,140TES2983 b. wHomuchilypanters,dwouicpalrngthe20y(.,bw19dasfromn)?
PRINCIPAL = 19144, INTEREST = 1682 5-17. Your mortgage has 25 years left, and has an APR of 7.625% with m...
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