You borrow $20,000 to buy a boat. the loan is to be paid off in monthly installments over one year at 18 percent interest annually. the first payment is due one month from today. what is the amount of each monthly payment?

Arnold rossiter is a 40-year-old employee of the barrington company who will retire at age 60 and expects to live to age 75. the firm has promised a retirement income of $20,000 at the end of each year following retirement until death. the firm's pension fund is expected to earn 7 percent annually on its assets and the firm uses 7% to discount pension benefits. what is barrington's annual pension contribution to the nearest dollar for mr. rossiter? (assume certainty and end-of-year cash flows.)

Which of the following distribution systems offers speed and reliability when emergency supplies are needed overseas? a. railroadsb. airfreightc. truckingd. pipelinese. waterways

What is one of the advantages of getting a government-sponsored mortgage instead of a conventional mortgage