Question: Please show work for all questions 8. KCT Hardware Store is thinking about borrowing money to buy a new truck. How much will you be

Please show work for all questionsPlease show work for all questions 8. KCT Hardware Store is thinking

8. KCT Hardware Store is thinking about borrowing money to buy a new truck. How much will you be able to borrow, if the loan carries 8% APR, payments must be made at the end of each month, you can afford to pay $320 per month, and you plan on taking a 4-year loan? A) $13,751.00 B) $12,981.00 C) $14,316.34 D) $13,107.81 9. After completing your first year at your new job, your company elects to pay you a bonus of $30,000.00 (assume no taxes are taken out). You and your financial advisor work out a plan to invest the entire amount. Assuming your rate of return will be 6\%, how many years will it take to reach $38,114.67? A) 2 years B) 3 years C) 4 years D) 5 years 10. As the CFO for Stevenson Construction Company, you need to buy 3 new dump trucks. Each truck will cost the company $45,000. The bank is offering you a term of 5 years and an interest rate of 5.50%. What will your monthly payment be? 11. You made a decision to purchase a home in 4 years. You have $15,000 in the bank and immediately elect to make another deposit of $5,000. Assuming you earn an interest rate of 4% How much will you have for your total deposit in three years

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