代写Financial Concepts Non-CONNECT Homework #3 – Financial Calculator调试Haskell程序
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Non-CONNECT Homework #3 – Financial Calculator
NOTE: Calculate to 3 decimal places and round to 2 decimal places
Which model financial calculator are you using______________________
1. Amy wants to purchase a new boat that will cost $76,000. She will make a down payment of $8,000 and will borrow the rest. The annual interest rate on the loan is 4.32%. The monthly principal and interest payments will be $640.00. How many monthly payments will Amy have to make to pay off the boat loan?
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1. Sheldon needs to purchase some new appliances for her new condo. The appliances will cost $8,400. The store is offering a special for the financing of the appliances. The terms are 42 months with a minimum monthly payment of $240. What annual interest rate is Sheldon being charged?
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1. Leonard wants to save for a family vacation in 4 years. The cost of the vacation will be $28,000. He plans to invest in a mutual fund that will earn 6.2% annually. To reach his goal, how much does Leonard need to invest today?
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1. Penny wants to begin a retirement savings account. She plans on retiring in 42 years and wants to accumulate $2,250,000 by the time she retires. If she is just beginning her savings and can earn 7.2% annually on her investments, how much will she need to save each month?
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1. Howard just learned that 84 years ago his aunt left him $7,640 in an investment which paid 2.3% annual interest. What is the value of that investment today?
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1. Bernadette has an opportunity to invest $30,000 in a Certificate of Deposit (CD) that will pay her 3.54% annually. When the CD matures in 9 years, how much will Bernadette receive? Note: CD’s only pay interest at the end of the period.
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1. Assume the same facts as in 6) above, except the interest will be compounded semi-annually. When the CD matures in 9 years, how much will Bernadette receive?
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1. Assume the same facts as in 6) above, except the interest will be compounded monthly. When the CD matures in 9 years, how much will Bernadette receive?
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1. Raj purchased a house and obtained a $790,000 fully amortized level payment 25-year mortgage. The mortgage’s annual interest rate is 5.12%. What will be Raj’s monthly blended principal and interest payment?
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1. Using the information from 9) above, determine how much of the total payment is principal? And how much of the total payment is interest? Prepare the amortization table for months 1, 2, and 3
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