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You are purchasing a house for $225,000 and making a down payment of $25,000.  You will finance the loan over 15 years with monthly payments at an interest rate of 3.5%.  What is your monthly payment?

You will invest the following annual cash flows at 10%. CF 1 = $2,000 CF 2 = $3,000 CF 3 = $4,000 CF 4 = $5,000 CF 5 = $6,000 How much will you have at the end of year 5?

You work for a man that purchased a Monet painting in 1980 for $200,000.  He just sold the painting at the end of 2020 for $4,000,000.  Assume full years.  What rate of return did he earn?  Enter your answer in decimal format using for decimal places.  For example, 3.25% would be entered as .0325.

You are borrowing $500,000 to purchase a commercial building.  The interest rate is 5% and the loan will be over ten years with monthly payments.  There is a $10,000 origination fee you will have to pay at the closing of the loan.  What is the APR (true cost of financing) of the loan?  Enter your answer in decimal format using for decimal places.  For example, 3.25% would be entered as .0325.

You have been offered the “opportunity” to finance a business for your brother-in-law.  He has promised you the following annual payments: CF 1 = 5000 CF 2 = 5000 CF 3 = 7000 CF 4 = 8000 CF 5 = 9000 Your required rate of return is 15%.  What is the most you can pay for the investment and still earn your required rate of return?

You made an investment of $10,000 and received the following annual cash flows: CF 1 = $2,000 CF 2 = $3,000 CF 3 = $4,000 CF 4 = $5,000 CF 5 = $7,000 What rate of return did you earn?  Enter your answer in decimal format using for decimal places.  For example, 3.25% would be entered as .0325.

You are borrowing $500,000 to purchase a commercial building.  The interest rate is 5% and the loan will be over ten years with monthly payments.  There is a $15,000 origination fee you will have to pay at the closing of the loan.  What is the APR (true cost of financing) of the loan?  Enter your answer in decimal format using for decimal places.  For example, 3.25% would be entered as .0325.

You made an investment of $10,000 and received the following annual cash flows: CF 1 = $2,000 CF 2 = $3,000 CF 3 = $4,000 CF 4 = $5,000 CF 5 = $5,000 What rate of return did you earn?  Enter your answer in decimal format using for decimal places.  For example, 3.25% would be entered as .0325.

You are purchasing a house for $225,000 and making a down payment of $25,000.  You will finance the loan over 15 years with monthly payments at an interest rate of 5.5%.  What is your monthly payment?

What is the PV of a 3-year, $10,000 annuity, starting in year three?  Your required rate of return is 12%.