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A car dealership offers you no money down on a new car. You may pay for the car for 5 years by equal monthly end-of-the-month payments of $402 each, with the first payment to be made one month from today. If the discount annual rate is 14.02 percent compounded monthly, what is the present value of the car payments?
Round the answer to two decimal places.
You plan to buy the house of your dreams in 17 years. You have estimated that the price of the house will be $82,297 at that time. You are able to make equal deposits every month at the end of the month into a savings account at an annual rate of 7.62 percent, compounded monthly. How much money should you place in this savings account every month in order to accumulate the required amount to buy the house of your dreams?
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
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