You have borrowed $20,000 at an interest rate at 10% compounded annually. Equal payments will be made over a three-year period with each payment made at the end of the corresponding year. What is the amount of the annual payment? What is the interest payment for the second year?

Steve promises to pay Amanda $2,000 in four years and another $3,000 four years later  for a  loan of $2,000 from Sandy today.  What is the interest rate that Sandy is getting? Assume interest is compounded monthly.

You deposited $400 in a savings account 20 years ago, earning 5% compounded quarterly.  Today, you withdrew the entire balance of $1,080.59.  What is the present value?

“A company borrowed $100000 from a bank at an interest rate of 10% compounded monthly. The loan will be repaid in 36 equal monthly installments over three years. What is the amount of this monthly installment payment?”

How many quarters will it take to triple an initial investment at an interest rate of 14% compounded quarterly?

A $200,000 loan is to be repaid in equal yearly payments over 25 years at an interest rate of 4% compounded annually. To pay off the loan in its entirety at the end of the 16th year, how much must be paid?

What sum deposited today at 9% compounded annually for 18 years will provide the same amount as $2100 deposited at the end of each year for 18 years at 8% compounded annually? What sum would have to be deposited today at 9% interest compounded annually? $ (Round to the nearest cent.)

If you want to withdraw $10,000 at the the end of two years and $35,000 at the end of four years, how much should you deposit into an account that pays 9% interest compounded annually?

Tyrone wants to spend $15,000 on a new car three years from now. He opens a savings account and deposits $3,000 today. One year from now, he plans to deposit $3,000 in the account, and one year after that, he plans to deposit another $3,000. If the account earns 5% interest per year, how much additional money will Tyrone need three years from now to meet his $15,000 goal? [Enter your answer with no dollar sign or comma.].

the desired accumulated amount is $70,000 after 14 years invested in an account with 2% interest compounded annually