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You are paying 2% per month for the unpaid balance. Therefore, the effective rate of interest/year that you are paying now is:

Define the goal or objective is the first step of decision making process.

A weekly business magazine offers a 1-year subscription for $58, a 2-year subscription for $90, If you thought you would read the magazine for at least the next 4 years, and consider 15% as a minimum rate of return. Find the EUAW of cost for 1 year subscription. Most nearly number.

Your company is considering purchasing a software package at a cost of $45,000. The software company will charge an annual maintenance fee of $2,500 payable at the end of each year including the last year.   Use 4 years analysis period, find the cost of this software if the interest rate is 20% per year.

For PW analysis for multiple projects, select the project that gives you the least NPWbenefit or the greatest NPWcost

Mary borrowed $3000 from you and promise to pay you back for $4000 by the end year 2. Find the rate of interest/year that John is paying.

Given that P=$100 F=$1904, n=26 years .Then i% is most nearly (in %):

To be able to use G (arithmetic gradient) the first transaction of the series must be equal to the G value and occur after two empty periods

The annual income from a rented house is $24,000. The annual expenses are $6,000. If the house can be sold for $245,000 at the end of 10 years, how much could you afford to pay for it now, if you considered a 9% interest rate

Use I = 8% to compute the present value (at time 0) of the cash flows presented below.  End-of-year 0 1 2 3 4 5 Cash flow 0 0 800 1000 1200 1400