How much of the second month payment will be interest

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1. You want to buy a car and bank will lend you $20,000. The loan will be fully amortized over 5 years. The nominal interest rate will be 6% with interest paid monthly. What will be the monthly loan payment. How much of the second month payment will be interest?

2. Dania corporations current sales are $1 million. If sales grow at 2% every quarter, how large (in millions) will sales be 5 years later?

3. Adams enterprises semiannual callable bonds curently sell for $1,120. They have a 20 year maturity but callable in 5 years an annual coupon of $90, and a par value of $1,000 bonds is callable at a price of $1090. What is bond's yield to call?

Reference no: EM131947072

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