1. find out the difference between daily and annual compounding, given the following information: (a) PV: $52,000, (b) NPER: 30, and (c) RATE: 10%.
2. find out the PMT on a mortgage, given the following information: (a) PV: $439,000, (b) RATE: 4%, and NPER: 30.
3. find out the present value of a lump sum payment with the following characteristics: (a) RATE: 5%, (b) NPER: 22, and (c) FV: $75,230.
4. find out the RATE given the following characteristics: (a) PV: $29,325, (b) FV: $54,000, and (c) NPER: 15.
5. find out the NPER given the following characteristics: (a) PV: $100,000, (b) FV: $134,000, and (c) RATE: 5%.
6. find out the RATE given the following characteristics: (a) PMT: $20,000 (you are paying), (b) FV: $134,000, and (c) NPER: 5.
7. find out the required rate of return on a company's stock that has the following characteristics: (a) Constant Growth Rate: 5%, (b) Price: $50.00, and (c) Dividend (Has Been Paid): $5.00.