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Problem 25 >> Intro You're about to buy a new car for $10,000. The dealer offers...
Intro You're about to buy a new car for $10,000. The dealer offers you a one-year...
Intro You're about to buy a new car for $10,000. The dealer offers you a one-year loan where you pay $849.67 every month for the next 12 months. Since you pay $849.67 * 12 = $10,196 in total, the dealer claims that the loan's annual interest rate is (10,196-10,000)/10,000 = 1.961%. Part 1 Attempt 8/10 for 5.8 pts. What is the actual effective annual rate? 4+ decimals Submit Part 2 Attempt 3/10 for 9.8 pts. What rate should the dealer...
You're about to buy a new car for $10,000. The dealer offers you a one-year loan...
You're about to buy a new car for $10,000. The dealer offers you a one-year loan where you pay $882.88 every month for the next 12 months. Since you pay $882.88 * 12 = $10,595 in total, the dealer claims that the loan's annual interest rate is (10,595-10,000)/10,000 = 5.95%. What is the actual effective annual rate? What rate should the dealer quote by law? (in decimals)
answer check before I submit my final answer Problem 23 Intro You're about to buy a...
answer check before I submit my
final answer
Problem 23 Intro You're about to buy a new car for $10,000. The dealer offers you a one-year loan where you pay $871.73 every month for the next 12 months. Since you pay $871.73 12 $10,461 in total, the dealer claims that the loan's annual interest rate is (10.461-10,000)/10,000 4.608%. Part 1 E -Attempt 9/10 for 12 pts. What is the actual effective annual rate? 3+ decimals Submit Show all parts
Problem 9 Intro You took out a loan to buy a new car. The monthly interest...
Problem 9 Intro You took out a loan to buy a new car. The monthly interest rate on the loan is 2.5%. You have to pay $280 every month for 60 months. Part 1 B Attempt 1/10 for 8 pts. What is the present value of the cash flows if it's an ordinary annuity? No decimals Submit Part 2 What is the future value of the cash flows if it's an ordinary annuity? 8 - Attempt 1 /10 for 8...
Problem 34 Intro You have $2,000 in your savings account, and want to buy a car...
Problem 34 Intro You have $2,000 in your savings account, and want to buy a car for $20,000 Attempt 4/10 for 10 pts. Part 1 If you want to buy the car in 10 years, what interest rate would you need to earn? 3+ decimals Submit
Intro You make a one-time investment of $600 and leave it for 5 years, earning an...
Intro You make a one-time investment of $600 and leave it for 5 years, earning an annual interest rate of 9%. B Attempt 1/10 for 8 pts. Part 1 How much interest will you have earned after 5 years? No decimals Submit B Attempt 1/10 for 8 pts. Part 2 If you leave the eitire amount in your account for another 5 years and earn the same interest rate, how much interest will you earn over the second 5-year period?...
8. You purchased a new car for sis,000. The dealer offers you an interest rate of 5% over years. ...
8. You purchased a new car for sis,000. The dealer offers you an interest rate of 5% over years. a) What would your monthly payment be? b) Suppose you would like to save interest by paying the loan off in 3 years. How much more a ma would you need to pay? c) What would the effective interest rate be if you paid off the car in 3 years? 9. Sketch the annual cash flow diagrams for each case in...
Problem 10 Intro Better Tires Corp. is planning to buy a new tire making machine for...
Problem 10 Intro Better Tires Corp. is planning to buy a new tire making machine for $80,000 that would save it $80,000 per year in production costs. The savings would be constant over the project's 3-year life. The machine is to be linearly depreciated to zero and will have no resale value after 3 years. The appropriate cost of capital for this project is 15% and the tax rate is 21%. Part 1 18 - Attempt 1/5 for 10 pts....
Exercise 1 - Time value of money: You want to buy a brand new Tesla Model S car. The dealer offer...
Exercise 1 - Time value of money: You want to buy a brand new Tesla Model S car. The dealer offers you 3 payment options: (1) Make monthly payments of S2,325 over a period of 3 years at the end of every month. (2) Pay $10,000 upfront, and $65,000 3 years from now. Mabe 1 qal pmecet 33 Annual interest rate is 12%. Required: 1. Calculate the present value of option (1) 2. Calculate the present value of option (2)...
help please Problem 3 Intro You've collected some information about a Treasury bill: Maturity Days to...
help please
Problem 3 Intro You've collected some information about a Treasury bill: Maturity Days to maturity Bid Ask Face value 3/10 136 1.85 1.79 $10,000 Part 1 | Attempt 2/5 for 10 pts. How much do you have to pay to buy this T-bill (in $)? 0+ decimals
Intro You're about to buy a new car for $10,000. The dealer offers you a one-year loan where you pay $849.67 every month for the next 12 months. Since you pay $849.67 * 12 = $10,196 in total, the dealer claims that the loan's annual interest rate is (10,196-10,000)/10,000 = 1.961%. Part 1 Attempt 8/10 for 5.8 pts. What is the actual effective annual rate? 4+ decimals Submit Part 2 Attempt 3/10 for 9.8 pts. What rate should the dealer...
answer check before I submit my
final answer
Problem 23 Intro You're about to buy a new car for $10,000. The dealer offers you a one-year loan where you pay $871.73 every month for the next 12 months. Since you pay $871.73 12 $10,461 in total, the dealer claims that the loan's annual interest rate is (10.461-10,000)/10,000 4.608%. Part 1 E -Attempt 9/10 for 12 pts. What is the actual effective annual rate? 3+ decimals Submit Show all parts
Problem 9 Intro You took out a loan to buy a new car. The monthly interest rate on the loan is 2.5%. You have to pay $280 every month for 60 months. Part 1 B Attempt 1/10 for 8 pts. What is the present value of the cash flows if it's an ordinary annuity? No decimals Submit Part 2 What is the future value of the cash flows if it's an ordinary annuity? 8 - Attempt 1 /10 for 8...
Problem 34 Intro You have $2,000 in your savings account, and want to buy a car for $20,000 Attempt 4/10 for 10 pts. Part 1 If you want to buy the car in 10 years, what interest rate would you need to earn? 3+ decimals Submit
Intro You make a one-time investment of $600 and leave it for 5 years, earning an annual interest rate of 9%. B Attempt 1/10 for 8 pts. Part 1 How much interest will you have earned after 5 years? No decimals Submit B Attempt 1/10 for 8 pts. Part 2 If you leave the eitire amount in your account for another 5 years and earn the same interest rate, how much interest will you earn over the second 5-year period?...
8. You purchased a new car for sis,000. The dealer offers you an interest rate of 5% over years. a) What would your monthly payment be? b) Suppose you would like to save interest by paying the loan off in 3 years. How much more a ma would you need to pay? c) What would the effective interest rate be if you paid off the car in 3 years? 9. Sketch the annual cash flow diagrams for each case in...
Problem 10 Intro Better Tires Corp. is planning to buy a new tire making machine for $80,000 that would save it $80,000 per year in production costs. The savings would be constant over the project's 3-year life. The machine is to be linearly depreciated to zero and will have no resale value after 3 years. The appropriate cost of capital for this project is 15% and the tax rate is 21%. Part 1 18 - Attempt 1/5 for 10 pts....
Exercise 1 - Time value of money: You want to buy a brand new Tesla Model S car. The dealer offers you 3 payment options: (1) Make monthly payments of S2,325 over a period of 3 years at the end of every month. (2) Pay $10,000 upfront, and $65,000 3 years from now. Mabe 1 qal pmecet 33 Annual interest rate is 12%. Required: 1. Calculate the present value of option (1) 2. Calculate the present value of option (2)...
help please
Problem 3 Intro You've collected some information about a Treasury bill: Maturity Days to maturity Bid Ask Face value 3/10 136 1.85 1.79 $10,000 Part 1 | Attempt 2/5 for 10 pts. How much do you have to pay to buy this T-bill (in $)? 0+ decimals
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