If a 25-year ordinary annuity has a present value of 14,643, and an interest rate of...
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If a 25-year ordinary annuity has a present value of 14,643, and an interest rate of 13.0%, what is the amount of each annuity payment to the nearest whole dollar? Question 7 4 pts You are considering buying a new car. The sticker price is $34,556 and you have $4,653 to put toward a down payment. If you can negotiate a nominal annual interest rate of 5.4 percent and you wish to pay for the car over a 6-year period, what are your monthly car payments in dollars and cents? D Question 8 4 pts What is the future value of a 31-year ordinary annuity with annual payments of $1,085, evaluated at a 8.6 percent interest rate? State your answer to the nearest whole dollar. If a 25-year ordinary annuity has a present value of 14,643, and an interest rate of 13.0%, what is the amount of each annuity payment to the nearest whole dollar? Question 7 4 pts You are considering buying a new car. The sticker price is $34,556 and you have $4,653 to put toward a down payment. If you can negotiate a nominal annual interest rate of 5.4 percent and you wish to pay for the car over a 6-year period, what are your monthly car payments in dollars and cents? D Question 8 4 pts What is the future value of a 31-year ordinary annuity with annual payments of $1,085, evaluated at a 8.6 percent interest rate? State your answer to the nearest whole dollar.
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