📘 finance

1. **Problem statement:** Stephen converted some pounds at one of two airports and received €43.47. The exchange rates are: - Airport 1: £1 = €1.15

1. The problem is to convert £250 into dollars using two different exchange rates: £1 = $1.27 and £1 = $1.36. 2. The formula to convert pounds to dollars is:

1. **Problem Statement:** Calculate the simple interest rate and express the amount as a function of time. 2. **Formula for Simple Interest:**

1. **State the problem:** Bryn takes out a loan of 800 pounds with a compound interest rate of 28% per year. We need to find how much Bryn will owe after 14 years. 2. **Formula use

1. **State the problem:** We need to find the present value (PV) of an amount of 7663.95 given a nominal interest rate of 7.5% compounded semi-annually over 7 years. 2. **Formula u

1. **State the problem:** We want to find how much an auto manufacturer should be willing to spend to keep a customer satisfied, given the customer will buy 10 more cars at $15000

1. **Problem statement:** An investor makes quarterly payments of 192 into an annuity that earns 5.3% annual interest compounded quarterly. Payments are made at the end of each qua

1. **State the problem:** Jack and Jill bought a house for 465000 and made a down payment of 50000. They amortize the remaining principal over 20 years with monthly payments. The i

1. **Problem statement:** Curtis wants to buy a trumpet costing 360. He deposits 285 into a savings account with 1% monthly compound interest. We need to find the smallest whole nu

1. **Problem Statement:** Compare car loans of 12 lakhs for 5 years and 7 years at different interest rates (7.8%, 8%, 8.2%, 8.5%, 8.75%) by calculating Monthly EMI, Principal amou

1. **Problem Statement:** Compare a car loan of 1200000 taken for 5 years and 7 years by calculating Monthly EMI, Principal amount, Total interest, and Total amount. 2. **Formula f

1. **State the problem:** Calculate the rental factor $a$ and monthly rent for the first item: Regional Jet (Lower Cost, Shorter Term) with Equipment Cost $7,500,000$, Term 5 years

1. The problem asks for the formula to find simple interest. 2. The formula for simple interest is:

1. **Problem Statement:** You are evaluating a new product launch with the following data:

1. **Stating the problem:** Calculate $B_o$ given the formula $$B_o = I \left[1 - (1 + i)^{-m}\right]$$

1. **Problem Statement:** Calculate the monthly interest payment on a loan of 90000 with a principal repayment of 18000 and a 2% monthly compound interest rate. 2. **Formula Used:*

1. **Problem Statement:** Elan Pharmaceuticals is evaluating an export sale of 1,630 million Indonesian rupiah (Rp). The current spot rate is Rp9450/$, so the sale translates to $1

1. **Problem Statement:** Elan, a multinational pharmaceutical company, is evaluating an export sale of 1,630 million Indonesian rupiah (Rp). The current spot exchange rate is Rp94

1. **Problem Statement:** Elan, a multinational pharmaceutical company, is evaluating an export sale of 1,630 million Indonesian rupiah (Rp). The current spot rate is Rp9450/$, and

1. The problem asks whether, when evaluating the present value (PV) of coupons and redemption value for bonds with coupons paid half-yearly, we should use the half-yearly interest

1. **Problem statement:** Red Company invested 20000 at 3.00% interest compounded semi-annually for 2.5 years, then transferred to 3.50% interest compounded monthly. We need to fin