Question
Calculate the future value. (Round your answer to two decimal
places.)
P = $4200, r = 8% compounded semiannually, t = 14 years
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Question
The Mendez family is considering a mortgage loan of $348,000 style=”color:rgb(0,0,0);”> at an annual interest rate of 6.6%.(a) How much greater is their mortgage payment if the term is 20 years rather than 30 years?$
(b) How much less is the amount of interest paid over the life of the 20-year loan than over the life of the 30-year loan?$
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Question
On August 10, a credit card account had a balance of $325 style=”color:rgb(0,0,0);”>. A purchase of $58 was made on August 15, and $157 was charged on August 27. A payment of $79 was made on August 15. The interest on the average daily balance is 1.25% per month. Find the finance charge on the September 10 bill. (Round your answer to two decimal places.)
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Question
Find the dividend yield for a stock that pays an annual dividend
of $1.27 per share and has a current price of $49.375. Round to the nearest hundredth of a percent
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