Starting at the end of this year, George plans to start saving for retirement by depositing $[c],000 per year into a savings account. He will continue this for the next [y] years. Assume he will earn [r]% on his investment. How much will George have saved after [y] years?

Bank A offers monthly compounding, whereas Bank B offers quarterly compounding. Also, the APR at bank A is higher than at bank B. Which bank has a higher EAR?

Fundamental Fitness recently leased a new location. The company will have to pay an annual lease fee of $[c],000 at the beginning of each year for the next [y] years.  The discount rate is currently [r]%. What is the present value of this lease contract?

Bank A offers semi-annual compounding, whereas Bank B offers quarterly compounding. Also, the APR at bank A is lower than at bank B. Which bank has a higher EAR?

Consider an annuity. If the discount rate decreases, what effect will this have on the present value of the annuity?

Consider an annuity. If the annual payment decreases, what effect will this have on the present value of the annuity?

Well Thumbed Booksellers recently took out a $[p],000 loan that will be paid back over the next 15 years with equal monthly payments. The interest rate on the loan was [r]%. What is Well Thumbed’s monthly loan payment?

Carson has deposited $[d],000 in a bank account that pays [r]% interest. How much money will Carson have after [y] years?

A certain loan requires the borrower only make a single payment at the loan’s maturity. This is an example of a:

The fundamental theorem of finance says that a dollar today is worth ______  a dollar tomorrow.