Finance Problem? Need help please!!

Posted on 2015-09-29 07:23:00 in Finance by DAVIDSON

1. A company offers to refund an amount of $44,650 at the end of 5 years for a deposit of $6,000 made annual Find out the implicit rate of interest offered by the company.?

2. An investor deposits a sum of $1,00,000 in a bank account on which interest is credited @ 10% p.a. How much amount can be withdrawn annually for a period of 15 years ?

3. What is the minimum amount which a person should be ready to accept today from a debtor who otherwise has to pay a sum of $5000 today $6,000 $8,000 and $ 9,000 and 10,000 at the end of year 1,2,3,4 respectively from today. The rate of interest may be taken at 14%.?

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