Repaid over the next four years in monthly repayments

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Reference no: EM132050724

1. Paul Carter requests an automobile loan of $15,000 that will be repaid over the next four years in monthly repayments. The First National Bank tells Mr. Carter that his total finance charges will be $4675.20. What is the APR on this loan?

A. 16 percent

B. 1 percent

C. 14 percent

D. 7 percent

E. None of the options is correct

2. A company's most recent annual Free Cash Flow is $180,000,000. Free cash flow is expected to grow by 15% per year for the next 10 years and then grow by 3% per year thereafter. Investors required rate of return is 11%. What is the current value of the stock?

a. $11,300,755,080

b. $2,250,000,000

c. $5,404,011,121

d. $1,636,363,636

Reference no: EM132050724

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