ABC pawn shop charges an interest rate of 11.4 percent per month on loans to its customers. Like all lenders the ABC pawn shop is also required to report APR on its loan products to its customers. Compute this APR for ABC pawn shop's lending products. (Do NOT include the % sign or any other text. Enter your answer as a percent and round your final answer to 2 decimal places, e.g. 110.10)
ABC pawn shop charges an interest rate of 15.6 percent per month on loans to its customers. Compute this EAR for ABC pawn shop's lending products. (Do NOT include the % sign or any other text. Enter your answer as a percent and round your final answer to 2 decimal places, e.g. 110.10 )
What is the present value of a security which is expected to pay a stream of $4333 per year forever, beginning with the first cash flow one year from now? Use an 6% discount rate in your calculation. (Do NOT include the $ sign, comma or any other text. Round your final answer to 2 decimal places, e.g. 110.10)