practice questions

years from a new information database. If the appropriate interest rate is 6.75 percent, what is the present value? (Do not round intermediate calculations and round your answer to 2 decimal places. e.g., 32.16.) 10 points 8 Your company will generate $77,000 in annual revenue each year for the next seven 9 You want to buy a new sports coupe for $81,500, and the finance office at the dealership has quoted you an APR of 6.3 percent for a 60 month loan to buy the car. a. What will your monthly payments be? (Do not round intermediate calculations and 10 round your answer to 2 decimal places, e.g., 32.16.) b. What is the effective annual rate on this loan? (Do not round intermediate points calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) eBook a. Monthly payment b. Effective annual rate % Print