In all exercises prepare the background table or the amortization table as appropriate.

Assuming that the money yields a monthly nominal 6.9%, determine what is best for Mr. Snchez when selling his car.

a) Dr. Barajas gives him a down payment of $110,000 and repays the rest with 7 monthly installments of $18,000 each. b) Claudia gives him 10 biweekly payments of $23,500 each. c) A friend gives him $55,000 in the sale and 2 quarterly installments of $100,000 and $85,000, respectively. d) Another offers $233,000 in cash e) Ignacio would pay him $3,500 at the end of each week for 9 months and a down payment of $68,750.

3-How many overdue bimonthly payments of $12,500 are needed to amortize a credit of $159,770 with charges or interest of 12.36% annual capitalizable per month?