📘 finance

1. **State the problem:** Hashim leased equipment worth 45000 for 8 years. The cost of borrowing is 6.10% compounded semi-annually. We need to find the size of the lease payment ma

1. **State the problem:** Calculate the future value of end-of-quarter payments of 9000 made at an interest rate of 2.14% compounded monthly for 5 years. 2. **Identify the formula:

1. **Problem Statement:** Calculate the accumulated value of periodic deposits of 5500 made at the beginning of every quarter for 7 years, with an interest rate of 3.25% compounded

1. **State the problem:** Alexandra wants to find the present amount to deposit today to allow withdrawals of 1149 at the beginning of every 3 months for 2 years, with an interest

1. **Problem Statement:** Jamie made a down payment of 1200 and monthly payments of 270 for 4 years and 8 months. The interest rate is 1.00% compounded quarterly. We need to find:

1. **Problem Statement:** An investor buys a 20-year government bond with a 10% annual coupon rate paid semiannually, priced at 875 for a 1000 par value. We need to find the yield

1. **Problem Statement:** Caleb contributes 2750 at the end of every 3 months (quarterly) for 5 years into an RRSP earning 2.50% interest compounded quarterly. We need to find: a.

1. **State the problem:** Ashley buys an annuity paying $2500 every six months for 11 years, then $100 every month for 4 years. Interest rate is 2.1% compounded quarterly. We want

1. **State the problem:** Hashim leased equipment worth 45000 for 8 years. The cost of borrowing is 6.10% compounded semi-annually. We need to find the size of the lease payment ma

1. **State the problem:** Calculate the future value of end-of-quarter payments of 9000 made at an interest rate of 2.14% compounded monthly for 5 years. 2. **Identify the formula:

1. **Problem Statement:** We want to find how long it takes to save at least 13000 by making deposits of 900 at the end of every 6 months in an account earning 3.66% interest compo

1. **State the problem:** Hilda made three deposits into a savings account paying 3.5% interest compounded daily. We need to find the balance on June 30 and the interest earned.

1. **State the problem:** Hilda made three deposits into a savings account paying 3.2% interest compounded daily. We need to find the balance on June 30 and the interest earned.

1. **Problem Statement:** Calculate the following financial ratios for 2024 and 2023 using the provided financial statements and formulas from course notes. 2. **Formulas and Expla

1. **Problem statement:** You want to take a mortgage of 100000 FRW with an annual interest rate of 9%, making monthly payments of 800 FRW. We need to find how long it will take to

1. The problem asks whether the statement "You pay interest when you use other people's money" is true or false. 2. Interest is the cost of borrowing money. When you borrow money f

1. **State the problem:** Aiydan deposits 5000 into a savings account with a 3% annual interest rate compounded yearly. We want to find the amount in the account after 8 years. 2.

1. **Problem Statement:** You want to find the number of payment periods for quarterly payments of 8000 each over 8 years, starting two years from now. 2. **Understanding the probl

1. **Problem Statement:** Calculate the future value of a deposit of 80000 with 7% annual interest compounded semi-annually over 3 years. 2. **Formula:** The future value $FV$ with

1. **Problem Statement:** If the rate of interest is $r\%$ per annum compounded half yearly, find the effective rate of interest.

1. **Problem Statement:** Donald Morris has a home mortgage balance of $215000 with an interest rate of 8.4% annually. He makes a monthly payment of $2150 in October. We need to fi