What is the amount of the monthly payment to nearest dollar

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Reference no: EM13758527

Question 1

Find the equivalent value for P as shown in the diagram given the amount for F and the annual interest rate i where: F = $635 and i = 2.33%.

Question 2

Find the equivalent value for F as shown in the diagram where P and i are given as: P = $3,247 and i = 4.32%.

Question 3

Find the equivalent value for W as shown in the diagram given the cash flows for X & Y and the interest rate i as follows:X = $1,150 & Y = $2,560 at the annual rate i = 3%.

Question 4

Find the equivalent value for P as shown in the diagram for the uniform cash-flow series where A = 300 and i = 3.4%.

Question 5

What equal annual payment series with cash flows A is equivalent to the following future amount:

F = $240,000 in 14 years at 8.3% interest compounded annually?Using PMT Excel function.

Question 6

You arrange to borrow P = $24,000 for an automobile purchase. The 4-year loan will be repaid in equal, monthly payments [n= 4(12) = 48], with end-of-month payments. The annual percentage rate (APR) of 12% is compounded monthly at the rate of i= 12%/12 = 1% per month.

What is the amount of the monthly payment to nearest dollar, and

What would your payments be at 0 APR?

Question 7

You consider selling a $36,000 van that you purchased with a 9% APR (9%/12 = 0.75% interest per month) loan for 5 years (60 months); and you wish to determine the remaining loan balance. What is the balance of the loan if you have just paid payment number 48 out of 60. (hint: since the previous payments are "sunk" costs, they do not need to be used in the balance calculation, simply determine the Present Worth of the remaining payments).

Question 8

What value of W would be equivalent to the payments shown in the cash flow diagram below? Assume the interest rate is 25% compounded annually (use F/A & P/A factors to find W).

Question 9

Consider the sequence of cash flows given in the table. Convert the sequence to an equivalent future value, F, over N = 9 periods. The interest rate is i = 6% per period.

End of period	1	2	3	4	5	6	7	8	9
Cash flow	$ 500	550	600	650	700	750	800	850	900

Question 10

The bank is offering to finance your home loan of $200,000 at a 3% annual percentage rate (APR) for a period of 30 years.

Calculate your monthly payments (without insurance or taxes) and the amount of interestl you will pay on the first month's payment.

Question 11

How many years will it take an investment to triple itself if the interest rate is 12.25% compounded annually?

Reference no: EM13758527

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