FIN 370 Week 2 Financial Markets and Institutions Report ( 2 Papers )
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5-12 Present Value of an Annuity Due If the present value of an ordinary , 6-year annuity is $ 8,500 and interest rates are 9.5 percent , what ’ s the present value of the same annuity due ?
5-15Effective Annual Rate A loan is offered with monthly payments and a 10 percent APR . What ’ s the loan ’ s effective annual rate ( EAR )?
5-39 Loan Payments You wish to buy a $ 25,000 car . The dealer offers you a 4-year loan with a 9 percent APR . What are the monthly payments ? How would the payment differ if you paid interest only ? What would the consequences of such a decision be ?
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FIN 370 Week 2 Financial Markets and Institutions Report ( 2 Papers )
For more course tutorials visit www . tutorialrank . com
This Tutorial contains 2 Papers
FIN 370 Week 2 Financial Markets and Institutions Report