discussion board: time value of money

Question Description

Please answer each of the following question in detail. Provide insightful answers and descriptions.
After you have answered ALL the questions, read and comment on at least three more posts from other students.
Watch your spelling!
Check Rubric

Questions:

You currently owe $18,000 on a car loan at 8.0% interest. If you make monthly payments of $576.49 per month, how long will it take you to repay the loan? Please state the time in months.
You have received a bond that will pay $500 at the end of each year forever into the future. If the market yield on the bond is 8.25%, how much it is worth today?
What is the future equivalent of $1000 invested at 8% simple interest for 3 years?
What are the two basic ways to compute interest? Does it matter which one you use and why?

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