Question

ASSUME COMPOUND INTEREST EXCEPT WHERE NOTED HMONEY TEN YEARS FROM NOW IE.01O0A-1 AT IHE END OF EACH MONTIT INE ACCOTINT TULA T 15% IN CT DED EROMNOW HOW MUICH M a UITI DE DNTUE A CCOL T AT TLIEEND OF FLE VEARS? me PACE MONEV FORA NEU VOUD AIICUTER A CZA e IEND IIED AF FOUTR 3 TIOW OCI DTIOOLD TOO LOANII oII ADODL CE A DESIRED AM Or A UIVENTIME FCKIOD, DI MEAIND o ICLIOLIT TLUE DERIOD IS CAIIP ASINKINU FUND. A SINKING FUND ATADI TCTTED me MACUTNE TA RE REPLACED AT THE ENDe- EVAC ***** ONEV SHOULD BE DEPOSITED ae aTL SIINKINO TV AR OminTING IN YEAR 1? USE AN INTERESTR TL UT070. 5. AN INDIVIDUAL IS CONSIDERING THE PURCHASE OF AN USED AUTO MOBILE THE TOTAL PURCHASE PRICE IS $7800. WITH A $1500 DOWN PAYMENT AND THE BALANCE PAID IN 48 EQUAL MONTHLY PAYMENTS AT AN INTEREST RATE OF 1% PER MONTH, COMPUTE THE MONTHLY PAYMENT THE PAYMENTS START IN THE FIRST MONTH AND ARE DUE AT THE END OF EACH SUCCESSIVE MONTH - ENT FLIN EADNIS 1.00% INTEREST COMPOLUNDED OUARTERI JE S. 500 IS DEROSITED EVERY 3 M ONTHS FOR 20 VEARS THE AMOLUNT N TUE FLIN AT THE END OF 20 YEARS

Answer 1

Cost oauiomobi'le Oa8t Amount to be pacd in 48ejua fajment fgmet Cost e ato maobile nMa P- $ 18vD $63BD 1 Sero where A LIt 4& lit.0 A 3 uo 4 8 A 5 9o3 Ans 165.903 Monthly tayment