# QRB 501 Week 5 Quantitative Techniques in Financial Valuation

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QRB 501 Week 5 Individual Assignment, Quantitative Techniques in Financial Valuation Problem Set

1. Find the interest paid on a loan of \$1,200 for three years at a simple interest rate of 5% per year. How much money will you pay after three years?
2. Find the maturity value of a loan of \$1,750 for 28 months at 9.8% simple interest per year.
3. Find the simple interest rate of a loan of \$5,000 that is ….for three years and requires \$1,762.50 in interest.
4. A loan of \$16,840 is borrow at 9% simple interest and is …. with \$4,167.90 interest. What is the duration of the loan?
5. How much money is borrow if the interest rate is 9.25% simple interest and the loan is ….for 3.5 years and has \$904.88 interest?
6. Find the ordinary and exact interest for a loan of \$1000 at a 5% annual interest rate. The loan was made on March 15 and is due May 15.
7. Find the bank discount and proceeds using ordinary interest for a loan to Michelle Anders for \$7,200 at 8.25% annual simple interest from August 8 to November 8.
8. What is the effective interest rate of a simple discount note for \$8,000, at an ordinary bank discount rate of 11%, for 120 days?
9. What is the effective interest rate for the ﬁrst year for a loan of \$20,000 for three years if the interest is compounded quarterly at a rate of 12%? Tim Bowling has \$20,000 invested for three years at a 5.25% annual rate compounded daily. How much interest will he earn?
10. The Holiday Boutique would like to put away some of the holiday profits to save for a planned expansion. A total of \$8,000 is ….in three years. How much money in a 5.2% three-year certificate of deposit. That is compound monthly must be …..now to have the \$8,000 in three years?
11. Jamie Juarez needs \$12,000 in 10 years for her daughter’s college education. How much must be …. today at 2% annual interest compounded semiannually to have the needed funds?

qrb 501 week 5 