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