Suppose the current exchange rate for the Polish zloty is zl 2.79. The expected exchange rate in three years is zl 2.87. What is the difference in the annual inflation rates for the United States and Poland over this period?
You want to buy a new sports car from Muscle Motors for $71,000. The contract is in the form of a 72-month annuity due at an APR of 6.9 percent. What will your monthly payment be?