Calculate the difference between the future value of an investment compounded at a daily rate and the future value of an investment compounded at an annual rate, given the following data: (a) Present Value: $125,670, (b) Interest Rate: 6.5%, and (c) Years: 26.
Calculate the payment on an ordinary annuity, given the following information: (a) Present Value: $250,000, (b) Years: 20, and (c) Interest Rate: 3%.
Calculate the future value of an annuity due, given the following information: (a) Payment: $2,500, (b) Years: 30, and (c) Interest Rate: 14%.
Calculate the Monthly Payment on a mortgage with the following information: (a) Principal: $546,000, (b) Years: 30, and (c) Interest Rate: 4%.