Your roommate asks for a loan, offering to make weekly payments of $25 for two years. If the appropriate interest rate is 8.25% APR, compounded weekly, how much would you be willing to lend her today

You should be willing to lend your roommate the sum of $2,395.08 today.

Explanation:

a) Data and Calculations:

Weekly loan repayment = $25

Period of loan = 2 years

Interest rate = 8.25% APR, compounded weekly

b) Using online finance calculator:

FV (Future Value)$2,824.37

PV (Present Value)$2,395.08

N (Number of Periods)104.000

I/Y (Interest Rate)0.159%

PMT (Periodic Payment)$25.00

Starting Investment$0.00

Total Principal$2,600.00

Total Interest$224.37

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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