Name Phil de Cel Manuel Labor Phyllis Stein Adam Sapple Al Nino Chris P. Bacon Douglas S. Halfemptee Ho Lee Guy Periods per Year 12 1 4 12 4 12 1 4 Years 5 8 20 Billy Bob's Discount Loans and Taxidermy Cost $ 10 $ 15 $ 6 $ $ 15,000.00 13,500.00 50,000.00 12,000.00 15,000.00 Down Payment (%) Down Payment ($) 2,250.00 15.0% $ 10.0% 0.0% 8.0% 10.0% $ $ 25.0% 10.0% 1,350.00 5,000.00 Uh-oh, one of Billy Bob's possums was just playing dead and made a nest using his loan records. Help save his business by using financial functions and the power of math to fill in the missing numbers. Loan Value $ 12,750.00 $ 23,000.00 $ 12,150.00 $ 45,000.00 $ 9,000.00 $ 13,500.00 Annual Rate Payment 9.5% 8.0% 5.5% 7.5% 9.5% 5.0% $1,200.00 $350.00 $750.00 $425.00 $1,750.00 $1,200.00

PFIN (with PFIN Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
6th Edition
ISBN:9781337117005
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter8: Insuring Your Life
Section: Chapter Questions
Problem 2FPE
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I am doing practice problems to help study for an exam for my class. I need help with the formulas. 

Name
Phil de Cel
Manuel Labor
Phyllis Stein
Adam Sapple
Al Nino
Chris P. Bacon
Douglas S. Halfemptee
Ho Lee Guy
Periods per Year
12
1
4
12
4
12
1
4
Years
5
8
20
Billy Bob's Discount Loans and Taxidermy
Cost
$
10 $
15 $
6 $
$
15,000.00
13,500.00
50,000.00
12,000.00
15,000.00
Down Payment (%) Down Payment ($) Loan Value
15.0% $
2,250.00 $12,750.00
10.0%
0.0%
8.0%
10.0% $
$
25.0%
10.0%
$ 23,000.00
1,350.00 $12,150.00
5,000.00
$ 45,000.00
$ 9,000.00
$ 13,500.00
Uh-oh, one of Billy Bob's possums was just playing dead and made a nest using his loan
records. Help save his business by using financial functions and the power of math to fill in the
missing numbers.
Annual Rate Payment
9.5%
8.0%
5.5%
7.5%
9.5%
5.0%
$1,200.00
$350.00
$750.00
$425.00
$1,750.00
$1,200.00
Transcribed Image Text:Name Phil de Cel Manuel Labor Phyllis Stein Adam Sapple Al Nino Chris P. Bacon Douglas S. Halfemptee Ho Lee Guy Periods per Year 12 1 4 12 4 12 1 4 Years 5 8 20 Billy Bob's Discount Loans and Taxidermy Cost $ 10 $ 15 $ 6 $ $ 15,000.00 13,500.00 50,000.00 12,000.00 15,000.00 Down Payment (%) Down Payment ($) Loan Value 15.0% $ 2,250.00 $12,750.00 10.0% 0.0% 8.0% 10.0% $ $ 25.0% 10.0% $ 23,000.00 1,350.00 $12,150.00 5,000.00 $ 45,000.00 $ 9,000.00 $ 13,500.00 Uh-oh, one of Billy Bob's possums was just playing dead and made a nest using his loan records. Help save his business by using financial functions and the power of math to fill in the missing numbers. Annual Rate Payment 9.5% 8.0% 5.5% 7.5% 9.5% 5.0% $1,200.00 $350.00 $750.00 $425.00 $1,750.00 $1,200.00
1
2 Name
3 Sherman Wadever
4 Stu Pid
5 Seymour Art
6
Gene Us
7 Wanda Doff
8
Will D. Beast
9 Xavier Self
10
Opie Umsbad
11 Noah Count
12 Mr. E Mann
13
14
15
16
17
18
19
Leonard's Lumpy Mattresses and Retirement Plans
Periods per Year Years Initial Investment Payment
250000
1
1
1
1
12
4
12
6
4
1
Leonard recently lost him memory and can't remember important
information regarding his client's savings. Help him so these people
aren't broke at retirement age. Hooray for narrative.
30
20
10
15
7
40
30
25
100000
25000
25000
10000
15000
18452
51760
0
300
0
400
0
0
350
1000
Annual Rate Projected Value
0.06
1000000
0.1
750000
0.08
500000
0.07
250000
0.05
350000
0.05
150000
50000
240000
0.07
0.09
Transcribed Image Text:1 2 Name 3 Sherman Wadever 4 Stu Pid 5 Seymour Art 6 Gene Us 7 Wanda Doff 8 Will D. Beast 9 Xavier Self 10 Opie Umsbad 11 Noah Count 12 Mr. E Mann 13 14 15 16 17 18 19 Leonard's Lumpy Mattresses and Retirement Plans Periods per Year Years Initial Investment Payment 250000 1 1 1 1 12 4 12 6 4 1 Leonard recently lost him memory and can't remember important information regarding his client's savings. Help him so these people aren't broke at retirement age. Hooray for narrative. 30 20 10 15 7 40 30 25 100000 25000 25000 10000 15000 18452 51760 0 300 0 400 0 0 350 1000 Annual Rate Projected Value 0.06 1000000 0.1 750000 0.08 500000 0.07 250000 0.05 350000 0.05 150000 50000 240000 0.07 0.09
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