What is the present value of the car payments

Assignment Help Financial Management
Reference no: EM131594575

A car dealership offers you no money down on a new car. You may pay for the car for 6 years by equal monthly end-of-the-month payments of $689 each, with the first payment to be made one month from today. If the discount annual rate is 12.32 percent compounded monthly, what is the present value of the car payments? Round the answer to two decimal places.

Reference no: EM131594575

Questions Cloud

What is the internal rate of return for the project : What is the internal rate of return (IRR) for the project?
How much money will be in account after you made payment : How much money will be in the account after you made the last payment?
Estimated annual disbursements for operations : Estimated annual disbursements for operations and maintenance are $6,000 for the first year, $6, 300 for the second year,
Equal year-end deposits in savings account : You have decided to place equal year-end deposits in a savings account for the next 9 years.
What is the present value of the car payments : A car dealership offers you no money down on a new car. what is the present value of the car payments?
What price did you pay for your bond : The bond is callable in 7 years with a $52 call premium. What price did you pay for your bond?
Sole proprietorship form of business organization : Which of the following statements is true of the sole proprietorship form of business organization?
What is the amount of the monthly payments : A commercial bank will loan you $40,840 for 8 years to buy a car. What is the amount of the monthly payments?
Money will be in account at the end of that time period : How much money will be in the account at the end of that time period?

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd