Question: 4-7. Refer to Plan 2 in Table 4-1. This is the customary way to pay off loans on automobiles, house mortgages, etc. A friend of

4-7. Refer to Plan 2 in Table 4-1. This is the customary way to pay off loans on automobiles, house mortgages, etc. A friend of yours has financed $24,000 on the purchase of a new automobile, and the annual interest rate is 12% (1% per month). (4.4) a. Monthly payments over a 60-month loan period will be how much? b. How much interest and principal will be paid in the third month of this loan? 4-130. A $15,000 investment is to be made with anticipated annual returns as shown in the spreadsheet in Figure P4-130 If the investor's time value of money is 10% per year, what should be entered in cells B, B12, and B13 (P,A,F respectively) to obtain present, annual, and future equivalent values for the investment? (4.10) Cash Flow $78.00.00 Figure P4-130 Spreadsheet 2 $13.000,00 for Problem 4-130 13.500,00 $14.000,00 $14.500,00 $15.000,00 $15.000,00 $15.000,00 $15.000,00 6 7 10 11 P 12 A 13 F 8

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