8. If a car dealer is charging me 5% APR, what is the EAR, assuming...
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8. If a car dealer is charging me 5% APR, what is the EAR, assuming monthly compounding? 9. If I invest $10,000 today in an account paying 9% annual interest, how much will I receive after 6 years? Recalculate your answer assuming daily compounding. 10. What is the future value of the following mixed stream at the end of 5 years, assuming a 5% rate of return? Year 2 3 4 5 Savings $1,500 $7,700 $1,200 $1,000 $10
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