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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