Question: 1. future value : annuity due What is the future value of w 8% , 5 year annuity due that pays $400 each year? ROUND

1. future value : annuity due What is the future value of w 8% , 5 year annuity due that pays $400 each year? ROUND to two decimal places

2. loan amortization You want to buy a car, and a local bank will lend you $25,000. The loan will be fully amortized over 6 years ( 72 months ) and the nominal interest rate will be 24% with interest paid monthly. what will be the monthly loan payment ? round to two decimal places

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