Knead to Know Pizza recently took out a $[pv],000 loan at an interest rate of [r]% that will require equal annual payments. The loan will last for [y] years. After the 4th payment, what is the outstanding balance on the loan?

Bank A offers monthly 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?

When Lauren was born [y] years ago, her mom opened a savings account for Lauren. The account has an interest rate of [r]%. Today, the account is worth $[fv],000. Assume no new money was added to the account. How much did Lauren’s mom deposit in the account when it was opened?

Jake opened a certificate of deposit (CD) that pays interest quarterly with an APR of [r]%. If Jake deposited $[d],000 in the CD, how much will the CD be worth after [y] years?

Suppose Stillman’s finance department has an endowment worth $[v],000,000. Starting next year, the department will spend $[c],000 per year from the endowment. What return will the University need to earn on its endowment to ensure that the funds never run out? (Enter your response as a whole number plus two decimal places. i.e. 2.25, not 2.25% or 0.0225)

Emma is working on a long-term consulting project. The company will pay her the following amounts over the next 3 years: Today: $[y0],000 1 Year from Today: $[y1],000 2 Years from Today: $[y2],000 3 Years from Today: $[y3],000 The current discount rate is [r]%. What is the present value of Emma’s compensation?

A certain loan requires the borrower make equal monthly payments. This is an example of a: 

Bank A offers semi-annual 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?

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

Blake is considering depositing $[d] in a bank account that will pay simple interest at a rate of [r]% per year. How much money will he have in the account after [y] years?