Question: Need help thank you 9:02 LTE webassign.net 0/10 points V Previous Answers AUFQR1 4.3.011.MI. 2/100 Submissions Used My Notes Ask Your Teacher The owner of
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9:02 LTE webassign.net 0/10 points V Previous Answers AUFQR1 4.3.011.MI. 2/100 Submissions Used My Notes Ask Your Teacher The owner of a construction company purchased a cement mixer truck for $160,000 and made a down payment of $45,000. The remaining balance was financed for 10 years at an annual interest rate of 7.75% compounded monthly. Find the monthly payment (in dollars). (Round your answer to the nearest cent.) $ 637.41 X Need Help? Read it Master It Talk to a Tutor 7. 0/10 points Previous Answers AUFQR1 4.3.013. 2/100 Submissions Used My Notes Ask Your Teacher V The maker of cardboard boxes leases a warehouse and pays $7,000 at the beginning of each month for 5 years. If interest rates are 3.75% compounded monthly, what is the present value (in dollars) of the payments? (Round your answer to the nearest cent.) $ 383526.87 % Need Help? Read it Watch It Talk to a Tutor B 0/10 points V Previous Answers AUFQR1 4.3.016.EP. 1/100 Submissions Used My Notes Ask Your Teacher V A state agency issues $450 million in bonds to repair bridges in the state. The state establishes a sinking fund by depositing $4 million at the end of each quarter into the fund for 20 years to repay the bonds. The fund earns an annual interest rate of 5.8% compounded quarterly. How much money (in millions of dollars) is in the fund after 20 years? (Round your answer to two decimal places.) 597.82 x million dollars Will the state have enough money to repay the debt? Yes No X Need Help? Read It Talk to a Tutor 0/10 points V Previous Answers AUFQR1 4.3.017. 1/100 Submissions Used My Notes Ask Your Teacher V A professional photographer wants to have $16,000 in three years to refurbish her studio. How much money must she deposit at the beginning of each month into an account that earns 4% annual interest compounded monthly to reach her goal? (Round your answer to the nearest cent.) $ 417.70 x Need Help? Read It Watch it Talk to a Tutor 10 -/10 points AUFOR1 My Notes Ask Your Teacher V
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