1. Compute the EAR of 12% compounded monthly.
2. You take out an amortized loan for $10,000. The loan is to be paid in equal installments at the end of each of the next 5 years. The interest rate is 8%. Construct an amortization schedule.
3. You take out an amortized loan for $10,000. The loan is to be paid in equal installments at the end of each of the next 5 years. The interest rate is 8%. Construct an amortization schedule.
4. You take out an amortized loan for $10,000. The loan is to be paid in equal installments at the end of each of the next 5 years. The interest rate is 8%. Construct an amortization schedule.
A. Calculate the PV of $100 due in 5 years compounded daily at 12%
B. Calculate the FV of $1000 due in 3 years at 6% compounded quarterly.
C. Calculate the FVA of $300 due at the end of each of the next 5 years at 4%.
D. Calculate the PVA of $300 due at the end of each of the next 5 years at 4%.