Allied signs a 6-year equipment lease that requires a payment of $14,000 at the beginning of each year, with the first payment due today. At a discount rate of 8% per year, what is the lease worth today?

Starkville Mills invests $25,000 in a certificate paying 7.2% APR, compounded monthly, and adds nothing further. The firm will not touch the money until the balance reaches $40,000. How long does that take?

You are pricing a 15-year mortgage with 180 equal monthly payments at 6% APR with monthly compounding (P/Y set to 1). You enter N = 180. What belongs in I/Y?

Allied signs a 6-year equipment lease that requires a payment of $14,000 at the beginning of each year, with the first payment due today. At a discount rate of 8% per year, what is the lease worth today?

Torch Industries borrows $250,000 on an amortized loan: 10 equal annual payments at 6% per year, with the first payment one year from today. Over the full life of the loan, how much of what Torch pays is interest?

Magnolia Foods owns a royalty stream that will pay $9,000 one year from today and grow 4% per year forever after that. The stream trades today for $150,000. What annual return does that price imply?

Maroon Brands borrows $525,000 to build a commissary and repays it with 120 equal monthly payments at 7.8% APR (monthly compounding), the first payment due one month after the loan is made. How much of payment number 45 is interest?

Torch Industries is owed $50,000 three years from today. To state that payment in today’s dollars you divide it by (1+r)^3. What is that operation called, and which direction does it move the cash flow?

Blue Delta Jeans will receive $9,000 per year for 6 years, and the first payment arrives today. The interest rate is 7%. Which statement about this stream is correct?

Torch Industries is owed $50,000 three years from today. To state that payment in today’s dollars you divide it by (1+r)^3. What is that operation called, and which direction does it move the cash flow?