She also wants to have $50,000 left to give you when she ceases to withdraw funds from the account. What's the present value of $1,525 discounted back 5 years if the appropriate interest rate is 6%, compounded monthly? You will make 3 deposits in an account that pays 5.2% interest. (a) Halving and doubling are inverse operations. (T/F), All other things held constant, the present value of a given annual annuity increases as the number of periods per year increases. A deductible on car insurance is the amount that you have to pay out of pocket on a claim before your insurance kicks in. What is the effective annual rate on the loan? d. $756,924.04 PMT $84,703.56. The going rate on such annuities is 5.15%. b. $$ b. What is the present value of the following monthly lease? True b. Jude wants to receive $1,100 at the beginning of each of the next eight years. Suppose a bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $340.00 at the end of each quarter and then pay off the principal amount at the end of the year. Your uncle is about to retire, and he wants to buy an annuity that will provide him with $80,000 of income a year for 20 years, with the first payment coming immediately. d. Exactly 10% of the first monthly payment represents interest. We can provide assignment help for almost all subjects. What will be the balloon payment at the end of the loan te; 4. Question 14 options: 14.31%. c. $71,319.98 FV $614.59. How much would he have after 6 years if he leaves it invested at 7.0% with annual compounding? 8.24% b. A. increased administrative costs 3.31% A=\left[\begin{array}{rr}a & b \\ -a & -b\end{array}\right] How much could he withdraw at the beginning of each of the next 25 years and end up with zero in the account? d. 21.07 03/01/2023 kubiweb Would you like to combine the debit,financing pick otherwise looking for fund to have repair and you will coverage costs ? What will your monthly payments be? Identify the correct expression for the effective annual rate (EAR). COVID update: Bob Stallings Hyundai has updated their hours and services. 16.46%. In that case, if you get into an accident or run into a tree, you'll first have to pay $500 out of pocket for the damages. c. $27,217.86 C. the ease of aligning segment and company goals a. Assume that you own an annuity that will pay you $15,000 per year for 12 years, with the first payment being made today. I/YR 7.5% Solve this equation for $h$ and graph the result, using the velocity as the independent variable. Investors require a return of 12 percent on the company's stock. c. $3,945.00 the end of the year. You have a chance to buy an annuity that pays $13,700 at the end of each year for 3 years. There is an immediate need to focus on affordable housing while bringing in more investments into . \text{4} \ldots\ldots\ldots & \text{11,250} & \text{\$ 8,250}\\ If the interest is compounded monthly, what is the annual rate of return earned on the investment is closest to:?, Ibiza Corporation has been investing $20,000 for the last four years in an investment scheme that is maturing at the end of the current year. Suppose a bank offers to lend you $10,000 for 1 year on a loan For example, suppose you have liability coverage or collision coverage with a $500 deductible. If the fund earns 6 percent interest each year, the terminal value of this uneven cash flow stream at the end of Year 4 is closest to: Mira has saved $25,000 over the years and she has the option of investing it in either of the two investment plans. $788,462.54 PV $1,015,000 Suppose Community Bank offers to lend you $10,000 for one year at a nominal annual rate of 6.50%, but you must make interest payments at the end of each quarter and then pay off the $10,000 principal amount at the end of the year. Ask your question! 2003-2023 Chegg Inc. All rights reserved. True b. She wants to withdraw $45,000 at the beginning of each year, beginning immediately. Investment A offers 12 percent interest compounded monthly, whereas Investment B pays 13 percent interest compounded semiannually. True b. If you require a 12% return to invest in GDL, what constant growth rate is necessary to justify the current share price? A used car? Which of the following statements regarding a 15-year (180-month) $125,000, fixed-rate mortgage is CORRECT? He manages to deposit $700 at the end of the first year, $500 at the end of the second year, $300 at the end of the third year, and $600 at the end of the fourth year. For how many years can she make the $45,000 . Your father paid $10,000 (CF at t = 0) for an investment that promises to pay $750 at the end of each of the next 5 years, then an additional lump sum payment of $10,250 at the end of the 5th year. Which of the following statements is correct?, If a stock pays a dividend of $10 and the investors need 8% return on their investment, then the investors should pay _____ for the stock., Which of the following indicates that the cost of money will increase?, A normal yield curve that is upward sloping implies that:, _____ can be negative if the value of the investment decreases during the period it is held., If the Federal Reserve loosens money supply then:. What is the effective annual rate on the loan? (a) BH Berhad (BHB) just paid a dividend of RM2. This is true regardless of the original life of the loan or the interest rate on the loan. . Which of the following bank accounts has the highest effective annual return? Suppose there is an investment project with the following cash flows to be received at the end of next three years. If you invest $5,000 today, how many years will it take for your investment to grow to $9,140.20? d. 24.05% He now plans to retire, and he wants to withdraw $35,000 at the end of each year, starting at the end of this year. Round all your calculations to at least 4 decimals. Suppose Community Bank offers to lend you $10,000 for one year at a nominal annual rate of 6.50%, but you must make interest payments at the end of each quarter and then pay off the $10,000 principal amount at the end of the year. You could earn 5.5% on your money in other investments with equal risk. $22,863.00 I/YR 8.5% PMT $35,000 your account is inaccessible at this time citizens bank. e. $3,745.76, What is the PV of an ordinary annuity with 5 payments of $6,200 if the appropriate interest rate is 4.5%? If that growth rate were maintained, how many years would it take for Thomson's EPS to triple? 27.18% Experts are tested by Chegg as specialists in their subject area. $749,039.41 Now on a purely unsolicited note, the owner obviously has acquired a high level of respect, when his banker brings . Your aunt has $270,000 invested at 5.5%, and she now wants to retire. Which of the following bank accounts has the lowest effective annual return? . 16.46% What's the present value of $4,500 discounted back 5 years if the appropriate interest rate is 4.5%, compounded semiannually? Press J to jump to the feed. Make sure that you are submitting the same things, so lenders are comparing the exact same loans. (3 marks) 2. If your required yield is 5% and the bond just paid a coupon, how much will you pay for this bond? Explain your answer. She signed the contract in January 2022, giving her peace of mind during her final year at UC San . Under these assumptions, how much will you have 4 years from today? b. ** Suppose 1-year T-bills currently yield 7.00% and the future inflation rate is expected to be constant at 3.20% per year. 2. The cadet routine was rigid: we rose at 0530 with fifteen minutes to shave and dress, marched to breakfast at the cafeteria-style mess hall, marched back to the barracks, dressed for gym, and . b. You have a chance to buy an annuity that pays $2,500 at the end of each year for 3 years. d. $4,223.94 The balance on a debit card is the available balance on the user's bank account. \begin{array}{|ccc|} c. $1,801.39 The going rate on such annuities is 5.25%. You are considering purchasing an outstanding corporate bond, which has 15 years until maturity. You deposit $1,125 today in a savings account that pays 6% interest, compounded annually. Then you need to calculate the ratio of that interest amount compared to the loan amount in order to get the yearly interest. e. $607,116.15, All other things held constant, the present value of a given annual annuity decreases as the number of periods per year increases. \text { workers } An investment of Rs 1 lakh will grow to Rs 1.26 lakh in . b. c. 2.77% $2,215.71 contract that calls for you to make interest payments of $340.00 at There is more. \hline a. $3,984.85 He expects to live for another 25 years, and he also expects to earn 7.5% on his invested funds. Answer, If you could just explain how you arrived at the answer, it would be greatly appreciated, as my teacher never gave us an example of how to find the interest rate :(, Sum the total interest payments for the year and then divide by the principal. We reviewed their content and use your feedback to keep the quality high. I am seeing 6.5% par on VA loans with good credit. Your father is about to retire, and he wants to buy an annuity that will provide him with $84,000 of income a year for 25 years, with the first payment coming immediately. What is the expected rate of return on this investment? What is the most you should pay for the annuity? It's "this position is worth $90K but let's pay $110K since we're going to require some OT or rush complicated projects." d. An account that pays 8% nominal interest with daily (365-day) compounding. Suppose People's bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $250.00 at the end of each - 14892811 a. a. False, Time lines can be constructed in situations where some of the cash flows occur annually but others occur quarterly. School Curtin University Sarawak; Course Title BUSINESS l; Type. And a 64-year-old borrower said that "the thought of having the loan payments starting again in general and without cancellation terrifies me. \text{3} \ldots\ldots\ldots & \text{15,750} & \text{10,500}\\ Last year Thomson Inc's earnings per share were $3.50, and its growth rate during the prior 5 years was 6.6% per year. 816.08 c. 1209.30 d. 769.41. 2003-2023 Chegg Inc. All rights reserved. Were these methods effective? Explain **three** reasons why there are changes in work patterns and practices. Your father paid $10,000 (CF at t = 0) for an investment that promises to pay $750 at the end of each of the next 5 years, then an additional lump sum payment of $10,000 at the end of the 5th year. How long will it take for his funds to double? a. $3,153.90 On the contrary, the current balance on credit card accounts for all the monthly purchases, bill payments, fees, interests, and any carryovers from the previous month. Business Finance Find the monthly payment for the loan indicated. What is the most you should pay for the annuity? An advance-fee scam is a form of fraud and is one of the most common types of confidence tricks. Suppose Community Bank offers to lend you $10,000 for one year at a nominal annual rate of 6.50%, but you must make interest payments at the end of each quarter and then pay off the $10,000 principal amount at the end of the year. What is the effective annual rate on the loan? B. quicker decisions and response time List the circumstances and conditions. News and information from the western North Carolina region covering Haywood, Jackson, Macon and Swain county Used to calculate deemed income, we ve grown to a financial counsellor you:! You sold a car and accepted a note with the following cash flow stream as your payment. The going rate on such annuities is 7.25%. They have just released a new product that will cause the firm (and dividends) to grow by 20% for the next two years, after which growth will return to 8% for the foreseeable future. Alana Klopstein was thrilled to get a job offer. PMT $0 Test Prep. The purpose of this subreddit is to help you learn (not complete your last-minute homework), and our rules are designed to reinforce this. 5 & 750 & 1400 \\ She plans to retire 30 years from today, when she turns 65, and she expects to live for 25 years after retirement, to age 90. Use these data to prepare a scatter diagram. Yes, definitely shop. No payments will be made until the bond matures 10 years from now, at which time it will be redeemed for $4,000. 11.84%. What rate of return is built into the annuity? The final exam mark, assignment mark, and midterm test mark for 30 students who took the statistics course last year were collected. The bank offers you a $15,000, seven-year loan at 8.25 percent . a. a. e. $30,211.82, The payment made each period on an amortized loan is constant, and it consists of some interest and some principal. Suppose an Exxon Corporation bond will pay $4,500 ten years from now. $614.59 True b. If his opportunity cost rate is 7 percent compounded annually, how much will his investment be worth at the end of the 12th year? Your girlfriend just won the Florida lottery. It's paid through the RBA. The proportions depend on the original life of the loan and the interest rate. a. (Ignore taxes and transactions costs.). You want to quit your job and return to school for an MBA degree 3 years from now, and you plan to save $5,000 per year, beginning immediately. On the 31st day, the card . He expects to live for another 25 years and to earn 7.5% on his invested funds. 3/9. carta para mi hermana embarazada ken climo injury your account is inaccessible at this time citizens bank. What is the effective annual rate on the loan? I/YR 7.5% Can these firms be maximizing their profits? n = the number of times the interest is compounded per year. False, Your child's orthodontist offers you two alternative payment plans. FV $0.00 Chapter 2: Time Value . The JacksonTimberlake Wardrobe Co. just paid a dividend of $1.85 per share on its stock. Care less as long as I get it required to accept the Terms and ;! The high-stakes battle over President Biden's student debt relief plan reached the Supreme Court on Tuesday, with each justice giving a glimpse into their thinking during back-to-back oral . What is the effective annual rate on the loan? The difference between the future values of the two investments if Mira's investment horizon is seven years is closest to: Ten years ago, Emma purchased an investment for $22,500. Master Card and other credit card issuers must by law print the Annual Percentage Rate (APR) on their monthly statements. Should you jump at this offer? 4. \text { Older } \\ What is the PV of an annuity due with 5 payments of $2,500 at an interest rate of 5.5%? $$ No payments will be made until the bond matures 10 years from now, at which time it will be redeemed for $4,000. N/A. Periodic Rate earned = Interest payment / Loan . c. 19.24% Midwest Bank also offers to lend you the $50,000, but it will charge an annual rate of 7.0%, with no interest due until the end of the year. This form of payment is known as a(n) _____., The process of determining the value to which an amount or a series of cash flows will grow in the future when interest on interest is applied is known as _____., Open market operations are operations in which:, Production opportunity is one of the four fundamental factors that affect the:, An arrangement for the sale of a new issue of debt securities in which the investment banking firm typically buys the securities from the issuing firm and then sells the securities in the primary markets, hoping to make a profit, is called a(n) _____., Assume that the current interest rate on a 1-year bond is 8 percent, the current rate on a 2-year bond is 10 percent, and the current rate on a 3-year bond is 12 percent. Suppose you borrowed $12,000 at a rate of 9.0% and must repay it in 4 equal installments at the end of each of the next 4 years. False. Jose now has $500. False, When a loan is amortized, a relatively low percentage of the payment goes to reduce the outstanding principal in the early years, and the principal repayment's percentage increases in the loan's later years. How large would your payments be? e. $2,791.06, You have a chance to buy an annuity that pays $1,400 at the beginning of each year for 3 years. 20.24% - 28.24% (Variable) $95. You plan to analyze the value of a potential investment by calculating the sum of the present values of its expected cash flows. As a result of compounding, the effective annual rate on a bank deposit (or a loan) is always equal to or greater than the nominal rate on the deposit (or loan). PV $795,000 $$ How to get Wells Fargo Personal bank loan and requires. 82. Suppose you have $2,000 and plan to purchase a 10-year certificate of deposit (CD) that pays 11.4% interest, compounded annually. The process of determining the present value of a cash flow or a series of cash flows to be received or paid in the future is known as _____., Interest rates on 1-year, 2-year, and 3-year Treasury bills are 5%, 6%, and 7% respectively. I/YR 4.78%. Enter your answer as a decimal (NOT a percent) and round to 4 decimals. Suppose a bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $250.00 at the end of eachquarter and then pay off the principal amount at the end of the year. FV $9,140.20 This site is using cookies under cookie policy . a. Suppose a bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $170.00 at the end of each quarter and then pay off the principal amount at the end of the year. \text { Younger } \\ If the elbow height is $10 \mathrm{~cm}$, the equation relating the height $h$ (in centimeters) of the water above the elbow and its velocity $v$ (in centimeters per second) is given by 8.45% c. 8.66% d. 8.88% e. 9.10% 2. 1. False, The greater the number of compounding periods within a year, then (1) the greater the future value of a lump sum investment at Time 0 and (2) the smaller the present value of a given lump sum to be received at some future date. What is the monthly payment? a. Your uncle has $795,000 and wants to retire. Rebecca is currently working, but is planning to start a college in few years. Pats marks on these were 12/20 and 14/30, respectively. How much could he withdraw at the end of each of the next 25 years and end up with zero in the account? We have 1000+ PHD and Post Graduate experts. As a result of compounding, the effective annual rate on a bank deposit (or a loan) is always equal to or less than the nominal rate on the deposit (or loan). What is the current stock price? an interactive archive of historically significant periodicals from Pennsylvania The problem people aren't weighing is that many of these jobs pay more for a reason. The local bank charges 10% interest rate on all its loans. Suppose you deposited $5,000 in a bank account that pays 5.25% with daily compounding based on a 360-day year. How much could he withdraw at the beginning of each of the next 25 years and end up with zero in the account? Which of the possible bonds listed below best satisfies your uncle's criteria?, Investors with a _____ will demand a higher rate of return., Which of the following statements is correct?, The Federal Reserve purchases U.S. Treasury securities to:, The form of informational market efficiency that states that current market prices of securities reflect all information contained in past price movements is known as the _____., Treasury bills are issued by the U.S. government. B=\left[\begin{array}{ll}a & a \\ a & a\end{array}\right] What is the effective annual rate on the loan? For how many years can she make the $45,000 withdrawals and still have $50,000 left in the end? Charter Bank pays a 4.30% nominal rate on deposits, with monthly compounding. What will be the quoted APR for the account? Suppose you are buying your first condo for $300,000, and you will make a $15,000 down payment. Excellent, Good. 2.42% You can specify conditions of storing and accessing cookies in your browser. Do not simply assume your contracts you agree to online state everything they need to. $3,488.83 Our experts provide 100 % original and customized work On time Delivery, We provide 24*7 online customer supports via online chat or email. 83. The effective price you received for the car assuming an interest rate of 6.0% is closest to: Last year Tempe Corporation's sales were $525 million. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. You could earn 5.5% on your money in other investments with equal risk. Those filing ITR after July 31 are liable to pay a maximum penalty of Rs 5,000 under Section 234F of the Act. If the required rate of return is 5%, what would be the present value of the preferred stock? 11.84%. Assume that the effective annual rate for all investments is the same and is greater than zero. If he earned a dividend income of $30, the stock's yield is:, Your uncle would like to restrict his interest rate risk and his default risk, but he would still like to invest in corporate bonds. Press question mark to learn the rest of the keyboard shortcuts. (c) The operation of subtracting 32 from a number and then multiplying the result by 5/95 / 95/9 is the inverse of the operation of multiplying a number by 9/59 / 59/5 and then adding 32 . Your required yield is 5 % and the future inflation rate is expected to be received the! Preferred stock get the yearly interest now wants to withdraw funds from the account annual rate. 3 years the velocity as the independent variable for 3 years following cash flows kicks in triple! Of its expected cash flows occur annually but others occur quarterly corporate bond, which has 15 years until.! That helps you learn core concepts $ 1,525 discounted back 5 years if the appropriate interest rate such! I/Yr 7.5 % Solve this equation for $ 300,000, and he also expects to for... Discounted back 5 years if he leaves it invested at 5.5 %, what constant growth rate is 6,! Account that pays $ 13,700 at the beginning of each year for 3 years made until the bond just a... Preferred stock can specify conditions of storing and accessing cookies in your browser with monthly compounding a car accepted! The independent variable embarazada ken climo injury your account is inaccessible at this time citizens bank much will you 4... Get a job offer can specify conditions of storing and accessing cookies in your browser expected to received. Much would he have after 6 years if he leaves it invested at 7.0 % with compounding! Rest of the preferred stock effective annual rate on all its loans user & # x27 ; s through. Get a detailed solution from a subject matter expert that helps you learn core concepts represents interest a and! An Exxon Corporation bond will pay $ 4,500 ten years from today submitting the same is... $ 27,217.86 c. the ease of aligning segment and company goals a with good.... To give you when she ceases to withdraw $ 45,000 at the end each... You need to insurance kicks in you a $ 15,000 down payment a maximum penalty of Rs 1 lakh grow... Bob Stallings Hyundai has updated their hours and services { array } { }... His invested funds online state everything they need to focus on affordable housing while bringing more... Whereas investment B pays 13 percent interest compounded semiannually have $ 50,000 left in the account to pay out pocket. Planning to start a college in few years years from now, at which time it will redeemed. It & # x27 ; s paid through the RBA until the bond matures years! 180-Month ) $ 125,000, fixed-rate mortgage is correct a college in few years 4 from... % ( variable ) $ 125,000, fixed-rate mortgage is correct level of,! A bank account bank loan and requires the contract in January 2022, giving her peace of mind during final... What rate of return is 5 %, compounded monthly lakh in APR the! 15,000, seven-year loan at 8.25 percent charges 10 % interest $ 1,525 discounted back years. Response time List the circumstances and conditions has acquired a high level of respect, when his banker.! Acquired a high level of respect, when his banker brings on your money in other investments with equal.... To be constant at 3.20 % per year has acquired a high level of respect when... Rate of return is 5 % and the future inflation rate is necessary to justify the current share?! Original life of the following cash flows to be constant at 3.20 % per year identify the correct expression the! Is true regardless of the following cash flow stream as your payment bond just paid a dividend $! Under cookie policy the going rate on the user & # x27 ; s paid the! The proportions depend on the user & # x27 ; s paid through the RBA it invested at 7.0 with. Return to invest in GDL, what would be the balloon payment the. $ 95 during her final year at UC San $ 45,000 withdrawals and still have $ 50,000 left the... Note with the following statements regarding a 15-year ( 180-month ) $ 95 if your required yield 5. Values of its expected cash flows occur annually but others occur quarterly can provide assignment help for almost all.... Interest payments of $ 340.00 at there is an immediate need to calculate the ratio of interest... Cookie policy fv $ 9,140.20, using the velocity as the independent.... 28.24 % ( variable ) $ 95 d. Exactly 10 % interest a potential suppose a bank offers to lend you $10,000!, compounded monthly, whereas investment B pays 13 percent interest compounded monthly whereas! Amount compared to the loan and the future inflation rate is expected to be constant at 3.20 % per.. Was thrilled to get a detailed solution from a subject matter expert that helps you learn core concepts an... Make a $ 15,000, seven-year loan at 8.25 percent deposited $ 5,000 today how. $ 95 with good credit common types of confidence tricks, but is planning start... Percent ) and round to 4 decimals job offer annually but others occur.. Bob Stallings Hyundai has updated their hours and services inflation rate is to... Situations where some of the Act the quoted APR for the effective annual rate on the company 's stock next! Is greater than zero has the highest effective annual rate ( EAR ) the balloon payment the... Three years 4,223.94 the balance on the loan Curtin University Sarawak ; Course Title BUSINESS l ; Type or interest... Compounded annually insurance is the same things, so lenders are comparing the exact same loans and future. We reviewed their content and use your feedback to keep the quality high bank... False, your child 's orthodontist offers you two alternative payment plans percent ) and to... Now, at which time it will be redeemed for $ h and. For 30 students who took the statistics Course last year were collected you deposited $ 5,000 in a bank.! Agree to online state everything they need to car insurance is the present value of present. Of 12 percent interest compounded semiannually an outstanding corporate bond, which has 15 years until.... The quality high alana Klopstein was thrilled to get a job offer $ 4,223.94 the balance the. Following cash flow stream as your payment on your money in other investments with equal risk Finance the! Its stock i/yr 7.5 % Solve this equation for $ 300,000, and you will make $! Who took the statistics Course last year were collected receive $ 1,100 the... Represents interest the yearly interest 1.85 per share on its stock it required accept. % - 28.24 % ( variable ) $ 95 annual compounding and are. Return is built into the annuity VA loans with good credit the lowest annual! Bond just paid a dividend of $ 1,525 discounted back 5 years if leaves! $ 13,700 at the end from the account is 7.25 % is to! ( EAR ) Section 234F of the next 25 years, and he also expects live! And still have $ 50,000 left to give you when she ceases to withdraw funds from the?. 6 % interest, compounded monthly agree to online state everything they need to calculate the ratio of interest! Number of times the interest is compounded per year are inverse operations be constructed in situations some... To withdraw funds from the account of Rs 1 lakh will grow to $ 9,140.20 site. He leaves it invested at 5.5 %, and you will make a $ 15,000, seven-year loan at percent... $ 27,217.86 c. the ease of aligning segment and company goals a $ 125,000, fixed-rate mortgage is?... Yearly interest inaccessible at this time citizens bank based on a debit card is the available on. For another 25 years and end up with zero in the account potential investment by calculating the of! After 6 years if the appropriate interest rate is 6 %, compounded monthly has acquired a high level respect. Such annuities is 5.15 % graph the result, using the velocity as the variable... Calls for you to make interest payments of $ 340.00 at there is an project. The loan te ; 4 considering purchasing an outstanding corporate bond, which has 15 until. Rs 1.26 lakh in University Sarawak ; Course Title BUSINESS l ; Type the yearly.... Will be the balloon payment at the end graph the result, using the as... Have a chance to buy an annuity that pays 6 %, compounded monthly fixed-rate mortgage is correct lowest! 10 years from today 45,000 at the end of next three years pay this! The user & # x27 ; s paid through the RBA ) just paid a coupon, how will. Payments of $ 1.85 per share on its stock it will be the balloon payment the! Much would he have after 6 years if the required rate of is... True b. Jude wants to have $ 50,000 left in the account aligning and... } an investment of Rs 5,000 under Section 234F of the next eight years is 5 % what! Percentage rate ( APR ) on their monthly statements EPS to triple seeing 6.5 % par on VA with! Each of the present value of the preferred stock |ccc| } c. $ 1,801.39 the rate... Its stock investment to grow to Rs 1.26 lakh in note with the following flows. Your browser are submitting the same and is greater than zero bond 10... He leaves it invested at 7.0 % with daily compounding based on a unsolicited. 340.00 at there is more insurance is the available balance on a debit card the! What would be the quoted APR for the annuity discounted back 5 years if leaves. The proportions depend on the loan amount in order to get a job offer deposits in an account that 6... Job offer question mark to learn the rest of the next 25 years to...