Question 14 If you go to the car dealer and get a 5 year loan for...

  
 

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Question 14 If you go to the car dealer and get a 5 year loan for a new car and the loan was for $25,000, what is the monthly payment if the annual interest rate is 6%? Choose the answer to the nearest $10. None of the Above. $5,934.86 $18,682.50 4 pts $483.32 Question 15 Given a future value of X, which of the following is incorrect with regard to the present value of X? PV of X will increase as the interest rate increases. PV of X will decrease as compounding frequency increases. All of these answers are correct. 4 pts PV of X will decrease as the number of periods increases. Question 16 Which of these variable changes results in an increase in future value given a known present value? All of the above. Increase in the number of periods between the present and future value. Increase in the interest rate. 4 pts Increase in the frequency of compounding. Question 14 If you go to the car dealer and get a 5 year loan for a new car and the loan was for $25,000, what is the monthly payment if the annual interest rate is 6%? Choose the answer to the nearest $10. None of the Above. $5,934.86 $18,682.50 4 pts $483.32 Question 15 Given a future value of X, which of the following is incorrect with regard to the present value of X? PV of X will increase as the interest rate increases. PV of X will decrease as compounding frequency increases. All of these answers are correct. 4 pts PV of X will decrease as the number of periods increases. Question 16 Which of these variable changes results in an increase in future value given a known present value? All of the above. Increase in the number of periods between the present and future value. Increase in the interest rate. 4 pts Increase in the frequency of compounding.

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14 d 483 32 The monthly payment on a 5 year 25 000 loan at 6 interest wo... View the full answer