Give an example of at least three time value of money problems in paragraph form. Please solve problem and show answers of the questions.
1. Bob wants to buy a house worth 200,000 dollars..His loan is a 8 year loan that collects interest at 4%. What are the monthly payments? How much will interest be after 4 years.
2. John gives his cousin a loan of 2,000 dollars. John will collect 6% interest for three years. How much will his investment make him?
3. A company makes 100,000 in year one and made 500,000 in year four. What is their rate of sale.
P/Yr=
N=
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