Question: Annuities You need to use the function built in excel to answer the questions. Manually fill in the answer will receive 0 points. a) Compute

Annuities

You need to use the function built in excel to answer the questions. Manually fill in the answer will receive 0 points.

a) Compute the present value of this annuities

Annual payment: $25,000

Number of years for payments: 20

Interest rate: 8%

b) Compute the Future Value of the annuities in part (a)

c) Suppose you are buying a car with the following information

Car Price: $32,000

Number of monthly payments: 48

APR: 6.00%

What is the monthly payment?

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