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Present value Present value is the present worth of any sum of a money to be received in the future…

Answered: Problem Set 1: Finance Pr Score: 2/50…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Pls help me get the answer correctly thanks a lot
Capital One is advertising a 60-month, 5.99% APR motorcycle loan. If you need to borrow $8,000 to purchase your dream Harley Davidson, what will your monthly payment be? Question content area bottom Part 1 Your monthly payment will be $enter your response here. (Round to the nearest cent.)
You want to buy a $13,000 car. The company is offering a 3.46% monthly interest rate for 60 months (5 years). What will your monthly payments be? Question Help: D Video 1 D Video 2 D Video 3 Submit Question
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Interest Rate? Problem 2 In 4 years, you plan to buy a new car and will need a down payment. How much would you need to invest today in order to have $8,000 in 4 years? Assume interest rates are 4%. Which table will you use for the above calculation? Number of periods? Factor? hapter What is the amount of investment? Problom 3 value of money and Бопа X A P Q S Y
A 1. pla help intrest rates
Data Table Problem Financing a Car What can I afford? We can figure out the monthly payment to finance a car using the PMT function in Excel. That payment will be dependent on how much the car costs and the interest rate. Let's fix the duration of the loan to 5 years. Once we figure out the monthly paymenet for say $25,000 loan at 4.00% annual interest rate, then we can create a Data Table to see how the monthly payment is affected for all combinations of loan amounts and annual interest rates. Loan Amount Annual Interest Rate Monthly Payment Data Table $ 15,000.00 $ 20,000.00 $ 25,000.00 $ 30,000.00 $ 35,000.00 $ 40,000.00 $25,000 4% 1% 2% 3% Annual Interest Rates 4% 5% 6% 7% 8% Instructions Put in the PMT formula in C13 Create the Data table Make B16 equal the value in C13 (important step) Highlight the data table and fill in the data table Format values in the data table as currency Possible Points Points Earned 2 2 1 2
QUESTION 1 Liam can afford $175 per month as a car payment. If Liam can get an auto loan at 4% interest for 5 years, how expensive of a car can Liam afford? Give your answer to the nearest dollar.
FUTURE VALUEIf you deposit $5,000 in a bank account that pays 10% interest annually to buy a car after you graduate from college, how much would be in your account after 5 years? Group of answer choices $5,000 $8,053 $5,900 $10,000
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13. Problem 5.26 (PV and Loan Eligibility) eBook You have saved $3,000 for a down payment on a new car. The largest monthly payment you can afford is $300. The loan will have a 12% APR based on end-of-month payments. What is the most expensive car you can afford if you finance it for 48 months? Do not round intermediate calculations. Round your answer to the nearest cent. $ What is the most expensive car you can afford if you finance it for 60 months? Do not round intermediate calculations. Round your answer to the nearest cent. $
question 6

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Problem Set 1: Finance Pr Score: 2/50 1/20 answered Question 16 You can afford a $250 per month car payment. You've found a 4 year loan at 6% interest. How big of a loan can you afford?