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What is the loan amount

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Q1) Suppose you signed a contract for a special assignment over the next 7 years. You will be paid $14,160 at the end of each year. If your required rate of return is 16.00%, what is this contract worth in today?

Q2) You need a loan to purchase new equipment. The loan will be paid off over 3 years with payments made at the end of every quarter. If the stated annual rate is 17.00% and quarterly payments are $631, what is the loan amount?

Q3) You would like to purchase a car for $10,949. If the car loan is 04.00% financed over 3 years, what will the monthly payments be for this car?

Reference no: EM133121918

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