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Financial Planning and Concept Questions for Practice?

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  • Financial Planning and Concept Questions for Practice?


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Answer #1 | 19/12 2013 21:24
(1) 41 years and here is the online financial calculator: http://www.1728.org/annupay.htm (2) Interest per year: $30 / 14 * 365 = $782.14 APR = 782.14 / 200 = 3.9107 = 391.07% (3) APR = $268.24 (interest based on monthly compounding) + $60 (fee) = 328.24 / 940 = 0.3492 = 34.92% http://www.moneychimp.com/articles/finworks/continuous_compounding.htm

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