ques 22 and 29 answer

29. Discounted Cash Flow Analysis (L01) If the appropriate discount rate for the following cash flows is 7.38% per year, what is the present value of the cash flows? Year Cash Flow $2.480 2 o 3 3.920 4 2.170 A office at the dealership has quoted you a 6.5% APR loan for 60 months to buy the car. What will your monthly payments be? What is the effective annual rate on this loan? Assume that the APR is compounded monthly. 22. Calculating Number of Periods (L04) One of your customers is delinquent on his accounts payable balance. You've mutually agreed to a repayment schedule of $500 per month. You will charge 1.7% per month interest on the overdue balance. If the current balance is $16,000, how long will it take for the account to be paid off? 23. Calculating EAR (LO3) Bergheim's Quick Loans Ine offers you "three for four or I knock on your door. This means you get $3 today and repay $4 when you get your pay cheque in one week (or else). What's the onough lr hot in the