Calculation Of Interest Rate On Investment
$1.50$0.752056 reads
Question
1. A truck costing $112000 is paid off in monthly installments over four years with 8% APR. After three years the owner wishes to sell the truck. What is the closest amount from the following list that he needs to pay on his loan before he can sell his truck?
A. $24867
B. $28678
C. $31432
D. $87255
2. If the current inflation rate is 5%, then the normal rate necessary for you to earn an 8% real interest rate on your investment is closest to:
A. 13.0%
B. 13.4%
C. 4.9%
D. 3.0%
Summary
These short questions belong to Finance. The 1st question is about calculating the remaining loan amount necessary to sell a truck bought on loan. The 2nd question is about calculating interest rate on investments.
Total Word Count 36
Related Solutions
Write A Report On A Firm Maintaining Long Term ProfitabilityPeriodic Review Policies Requiring to Maintain Inventory LevelExplain Different Types Of Costs And How To Calculate ThemMost Critical Step in the Capital Budgeting ProcessIvey Case Study Governance Failure At SatyamTaxable Income, Current Income Tax Expense, Deferred Income Tax C
Recently Uploaded Solutions
Write an Essay on the Importance of Public RelationsWrite an essay on the positive impact of shareholder power on bonWrite An Essay On What You Want From Work And How To Achieve ItWrite an essay/report on Marketing Mix OrientationWrite an interview structure about poultry litter convert to bio Write Article Reflection On The Article “Improving Teaching And
Most Downloaded Solutions