Question: 1 3 . Mick Jadestone buys a used touring van for the Rolling Boulders. He agrees to pay a $ 2 0 0 0 .

13. Mick Jadestone buys a used touring van for the Rolling Boulders. He agrees to pay a $2000.00 down payment and $4000.00 at the end of each year for the next 4 year.What is the selling price of the van if the nominal rate is 7% c.s.a.?
14. Wilma borrowed $15,400.00 that she must repay in 60 equal monthly payments of $358.33. Calculate the interest rate she is being charged as a nominal rate compounded monthly. Round the answer to the nearest 0.001%.
15 Fred buys a Ferrari for $150,000.00. He makes a down payment of $20,000.00 and signs a note to repay the remainder at 4% c.m. in equal monthly payments over 6 years.
A)Calculate the amount of the monthly payment.
b) Calculate the total interest charge. c) Calculate the balance of the loan after 30 months..
20. Calculate the cash price of a $1000.00 bond purchased on April 15,2024, at a yield rate of 4.5%. The bond rate is 4% and the date of maturity is January 1,2039.

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