If you need any clarification regarding this solution, then you can ask in comments
If you like my answer then please Up-vote as it will be motivating.
Question 10 5 pts You will receive a series of $1,216 payments, annually, beginning exactly 6...
I need to find the solutions using a BA 2 Plus financial calculator NOT through excel. 5 and 6 are not needed But 9 and 10 are very important. Question 5 5 pts You are taking out a car loan and will make payments of $315 each month (beginning one month from today). for a total of 60 monthly payments. If the interest rate on the loan is 0.83% (the effective monthly rate on this loan), how much are you...
Question 8 5 pts You have saved $2,574 for a down payment on a new car. The monthly payment you can afford is $472. You will make payments for 48 months (starting 1 month from today). If the relevant interest rate is 0.69% per month (this is an Effective Monthly Rate), the price of the car you can afford (taking into account the down payment as well) is $ [Hint: This problem is similar to #5, except that in this...
Question 9 5 pts You will deposit $150 each of the next five years (the first deposit will occur one year from today, and there will be a total of 5 equal deposits) into an account that pays a 7.3% effective annual rate. Six years from today, you wish to have exactly $1000 in the account. You would need to deposit an additional $_ _into the account six years from today to meet that goal. [Hints: Make a timeline! There...
An investment offers the following cash flows: $269 today, $468 one year from now, $481 in 2 years, and $308 in 3 years. If the relevant interest rate is 6% per year (an APR, with interest compounded annually), what is the value of the investment 3 years from today (immediately after the cash flow at "year 3" occurs)? Do not round any intermediate work. Round your final answer to 2 decimal places (ex: if your answer is 12.345678 then you...
You will deposit $150 each of the next five years (the first deposit will occur one year from today, and there will be a total of 5 equal deposits) into an account that pays a 6.8% effective annual rate. Six years from today, you wish to have exactly $1000 in the account. You would need to deposit an additional $_______ into the account six years from today to meet that goal. [Hints: Make a timeline! There are many ways to solve...
Question 4 5 pts semi-annual coupon payments. The bond's price should be $. Do not round any intermediate work. Round your "final" answer to 2 decimal places (example: 1234.567 - 1234.57). Do not enter the $ sign. Margin of error for correct responses: +/-.05.
Suppose that you will receive annual payments of $13,000 for a period of 10 years. The first payment will be made 5 years from now. If the interest rate is 7%, what is the present value of this stream of payments? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value
You have the opportunity to invest $5,000 today and receive risk free payments of $4,000 at the end of each of the next three years. Assume that you can borrow and lend at a risk free rate of 12% per year, compounded annually. The internal rate of return on this investment opportunity is 60.74%. True or False (Circle one). If you take this project, after you receive the final payment of $4,000 at time t=3 you will have earned an...
1. Suppose that you will receive annual payments of $20,000 for a period of 10 years. The first payment will be made 5 years from now. If the interest rate is 5%, what is the present value of this stream of payments? (Do not round intermediate calculations. Round your answer to 2 decimal places.) 2. The $47.5 million lottery payment that you have just won actually pays $1.9 million per year for 25 years. The interest rate is 10%. a....
You have just won the lottery. You will receive $2,560,000 today, and then receive 40 payments of $1,280,000 These payments will start one year from now and will be paid every six months. A representative from Greenleaf Investments has offered to purchase all the payments from you for $20 million. The interest rate is an APR of 9 percent compounded daily. Assume there are 12 months in a year, each with 30 days. What is the present value of the...