What will the monthly payment be

Reference no: EM13945991

1. Since TVM is an important concept in finance, we'll go over several problems for this week discussions. Let's say that somebody takes out a car loan. The loan is for $20,000, monthly payments are made for five years, and the annual interest rate is 1.8%.

What will the monthly payment be?

2. I have enjoyed reading them all. As you continue your discussions on assumptions of the TVM Model and the law of one price, what is an example of a problem in which the FV seems like it is really a PV, and why is it not?

For more information see the website below:

https://owl.english.purdue.edu/owl/resource/560/01/

Reference no: EM13945991

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