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.

A certain loan requires the borrower make annual interest payments and then a single principal repayment when the loan matures. This is an example of a: 

Taylor wants to have $[fv],000 for a vacation. To save, she deposits $[pv],000 in a savings account that pays [r]% interest. Assume Taylor adds no new principal to the account. How long will it take her to reach her goal?