Question: Answer all please Present value. A smooth-talking used-car salesman who smiles considerably is offering you a great deal on a pre-owned car. He says, For

Answer all please

Answer all please Present value. A smooth-talking used-car salesman who smiles considerably is offering you a great deal on a "pre-owned" car. He says,

Present value. A smooth-talking used-car salesman who smiles considerably is offering you a great deal on a "pre-owned" car. He says, "For only 6 annual payments of $2,400, this beautiful 1998 Honda Civic can be yours." If you can borrow money at 6%, what is the price of this car? Assume the payment is made at the end of each year. If you can borrow money at 6%, what is the price of this car? $ 4531.40 (Round to the nearest cent.) Present value of an ordinary annuity. Fill in the missing present values in the following table for an ordinary annuity: 5. Number of Payments or Years Annual Interest Rate Future Value Annuity Present Value 10 9% 0 $197.76 (Round to the nearest cent.)

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