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What are the monthly payments

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You wish to buy a $20,000 car. The dealer offers you a 6-year loan with a 7.2 percent APR. What are the monthly payments? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

How would the payment differ if you paid interest only? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

A perpetuity pays $120 per year and interest rates are 7.7 percent. How much would its value change if interest rates increased to 9.2 percent? (Round your answer to 2 decimal places.)

A loan is offered with monthly payments and a 8.50 percent APR. What's the loan's effective annual rate (EAR)? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Present Value?

What is the future value of a $890 annuity payment over six years if interest rates are 10 percent? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Future Value?

Reference no: EM133056315

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