2)a)
annual payment | 6000 |
Duration | 4 |
Rate | 0.09 |
pv | ₹ 19,438.32 |
b)
It is the same as (a) because the monthly values have simply been converted into annual figures
c)
annual payment | 6000 |
Duration | 4 |
Rate | 0.07 |
pv | ₹ 20,323.27 |
3)
a)
pv | 95000 |
rate | 0.06 |
duration | 10 |
annual payment | ₹ 12,907.46 |
monthly payment | ₹ 1,075.62 |
b)
pv | 95000 |
rate | 0.06 |
duration | -4.7212707 |
annual payment | ₹ 18,000.00 |
monthly payment | ₹ 1,500.00 |
Therefore, 57 monthly repayments reqd.
should be explain it on excel Solve all of the following problems with Excel. Please use formulas in excel to solve. (2) (10 pts) (a) Assume monthly car payments of $500 per month for 4 years and...
Solve all of the following problems with Excel. Please use formulas in excel to solve. (2) (a) Assume monthly car payments of $500 per month for 4 years and an interest rate of 0.75% per month. 1. What initial principal will this repay? (b) Assume annual car payments of $6000 for 4 years and an interest rate of 9% per year. 1. What initial principal will this repay? (c) Assume monthly car payments of $500 per month for 4 years...
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