1. The average FICO score in the United States is about 692. What is the...
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Finance
1. The average FICO score in the United States is about 692. What is the APR rate offered by the bank to the average customer?
2. The APR on a financial security is 12 percent. If the inflation premium is 4 percent and the pure rate is 3 percent, what risk premium is required by the market?
3. You invest $1,000 in an account that pays interest at 12 percent annual rate, compounded quarterly. How much would your investment grow to in 5 years?
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