Recently Asked Questions
- A loan is offered with monthly payments and a 14.5 % APR . What is the loan 's effective annual rate EAR ?
- Which of the following will increase the present value of an annuity ?
- A perpetuity pays $ 250 per year and interest rates are 5.5 % . How much would its value change if interest increased to 8.5 % ? Did the value increase or