Compounded interest rates

AN INTEREST RATE OF 2% PER MONTH IS THE SAME AS: A. 24% PER YEAR B. A NOMINAL 24% PER YEAR, COMPOUNDED MONTHLY ???? C. AN EFFECTIVE 24% PER YEAR, COMPOUNDED MONTHLY ??? D. BOTH ''A'' and ''B''

Word problem with interest rates

An environmental testing company needs to purchase $40,000 worth of equipment 2 years from now. At an interest rate of 20% per year, compounded quarterly, the present worth of the equipment is closest to? A. $27,070 B. $27,800 C. $26,450 D. $28,220

Time value of money

A steel fabrication company invested $800,000 in a new shearing unit. At an interest rate of 12% per year, compounded monthly, the monthly income required to recover The investment in 3 years is closest to? A. $221,930 B. $31,240 C. $29,160 D. $26,570

Last Forever??? Word Problem

The first cost of a fairly large flood control dam is expected to be $5 million. The maintenance cost will be $60,000 per year, and a $100,000 outlay will be required every 5 years. If the dam is expected to last forever, it's equivalent annual worth at an interest rate of 10% per year is closest to? A. $-576,380 B. $-591,580 C. $-630,150 D. $-691,460

IRR

An investment of $50,000 resulted in uniform income of $10,000 per year for 10 years and a single amount of $5,000 in year 5. The rate of return on the investment was closest to? A. 10.6% PER YEAR B. 14.2% PER YEAR C. 16.4% PER YEAR D. 18.6% PER YEAR