To buy some furniture, Asmaa can put $150 down and "don't pay a cent" for 6 months. At the end of 6 months, she begins making monthly payments of $100 for 2-years. If j12 = 8.4%, what is the equivalent cash price of the furniture? Do not give excel answer, need well explained

To buy some furniture, Asmaa can put $150 down and "don't pay a cent" for 6 months. At the end of 6 months, she begins making monthly payments of $100 for 2-years. If j12 = 8.4%, what is the equivalent cash price of the furniture? Do not give excel answer, need well explained

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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Similar questions

6. Homes-R-Us is offering free credit on a new $200,000 home. You pay $40,000 down and then $16,000 a year for the next 10 years. We-Build'em-Better does not offer free credit but will give you $40,000 off the list price. a. If the discount rate is 5% per year, which company is offering the better deal? b. If the discount rate is 8% per year, which company is offering the better deal? Compare your answers to (a) and (b). Why do you think you are getting those results? c.
Do not use excel to answer, i need good explanation. Gurleen buys a house and takes out a mortgage of $150,000 at j2 = 6%, to be repaid over 20 years with weekly payments of R. What is the value of R?
Do the task with the excel or manually if possible,thx If a family who owns a food stall is planning to buy a car in the next 3 years for $13920,89. The family is able to set aside 20% of their income from $1392,09/month by saving (1% bank interest/month). Is that money enough to buy a car? If not, how much should the family add?
Kendra took out a loan for $750 et an 84% APR, compounded monthly, to buy a stereo. If she will make monthly payments of $46.50 to pay off the loan which of these groups of values plugged into the TVM Solver of a graphing calculetor could be used to calculute the number of payments she wil have to make? O A NIN -84, PV--750, PMT-46.5 FV-0, P/Y-1 C/Y-12 PMT END O B. NIN07, PV-750, PMT-46.5, FV-0, P/Y-12 C/Y-12 PMTEND O C. N-IN 8.4 PV-750, PMT-46.5 FV-0 P/Y-12 C/Y-12 PMT:END D. N-IN0.7: PV-750 PMT-46.5: FV-0; P/Y-1; C/Y-12 PMT:END
Trae needs to buy a car, but he doesn’t have any money for a down-payment and can only afford $190 per month for this car payment. If he can finance a car at 5.50% for 4 years, how much car can he afford? N= FV= I%= P/Y= PV= C/Y= PMT= End or Begin $170.00 $220.73 $11,555.84 $8,169.77
You need to buy a new laundry center with a price of $ 22,000 because the one you had no longer works and has no repair, at the moment you do not have the cash available to buy it, so you went to a department store to buy it on credit, The store offers you to pay for the laundry center in 24 months with an annual rate of 17%. What is the amount you will have to pay monthly? Note: Step by step to get to the result, do not skip anything.Note2: If it can be done in excel it is better
on Sami buys a used truck for $1,500. After using it for 3 years, he expects to sell it for $800. If i = 7.5% per year, the future worth in dollars is: Select one: O O a. $1,500 – $700(P/F,7.5%,3) b. $ 700 + 10% of $700 c. $700 - $1,500 (F/P,7.5%,3) d. $1,500 (F/P,7.5%,3) - 800
You are going back to school and anticipate you will need 25,000 a year for living expenses for 6 years. How much do you put away at 4%?

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