Question: #6 Based on the following data: Year 0 1 2 3 4 Cash Flow $2,975.00 $4,020.00 $5,860.00 $7,945.00 Rate 5.30% 5.30% 5.30% 5.30% What is

#6 Based on the following data:
Year 0 1 2 3 4
Cash Flow $2,975.00 $4,020.00 $5,860.00 $7,945.00
Rate 5.30% 5.30% 5.30% 5.30%
What is the value by the end of year 4?
#7 You are looking into getting a loan for the purchase of a car.
The car in question has a sticker price of $35,000.00
The banks are currently offering rates of 5.25%
The time horizon on the loan is 6 years
Interest is compounded on a monthly basis.
What would be the Monthly Payment on the Loan?
#8 You plan to deposit $5,700.00 at the end of each of the next 25 years.
The interest rate over the period is 10.30%
How much will you have accumulated by the end of 25 years?
#9 Prescott Bank offers you a 5 year loan.
The amount of the loan is $64,000.00
The interest rate is 6.75%
What will your annual loan payment be?
#10 You have just won the lottery.
The prize is the receipt of $32,000.00 per year forever.
The required rate of return is 5.30%
What is the value of the Lotto Win?

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