Question: I need excel sheet answer. Exercise 2 (4.5 marks) Mondher will receive a three-year annuity of RO 500 per year, beginning at date 5 .
Exercise 2 (4.5 marks) Mondher will receive a three-year annuity of RO 500 per year, beginning at date 5 . If the interest rate is 7%, what is the present value of his annuity? Use three different methods. Write your answers below Exercise 3 (4.5 marks) Toyota Company announced a new car financing scheme. As per the scheme, if you take a car loan of RO 20,000 for four years the interest rate charged by the company will be only 2.75% per year. Write your answers below 1) Find the anmual instalment to be paid (payment at the end of the period). ( 2 marks) 2) Create an amortization table. (2.5 marks)
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