FIN 370 Week 2 Financial Markets and Institutions Report( 2 Papers)
5-7 Present Value of an Annuity What’ s the present value of a $ 900 annuity payment over five years if interest rates are 8 percent? 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? ==================================================
FIN 370 Week 2 Financial Markets and Institutions Report( 2 Papers)
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FIN 370 Week 2 Financial Markets and Institutions Report Create a 1,050-word report, and include the following:
· Describe the role of the financial institutions and financial markets in our economy
· Differentiate between primary and secondary markets.
· Differentiate between money and capital markets. Format your assignment consistent with APA guidelines.
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