5.
Toadies, Inc., has identified an investment project with the following cash flows.
Year
Cash Flow
1
$
1,575
2
1,695
3
1,780
4
1,830
If the discount rate is 7 percent, what is the future value of the cash flows in year 4? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))
Future value
$
If the discount rate is 12 percent, what is the future value of the cash flows in year 4? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))
Future value
$
If the discount rate is 23 percent, what is the future value of the cash flows in year 4? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))
Future value
$
6.
You want to buy a new sports coupe for $88,500, and the finance office at the dealership has quoted you a 7.0 percent APR loan for 72 months to buy the car.
What will your monthly payments be? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))
Monthly payment
$
What is the effective annual rate on this loan? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))
Effective annual rate
%
7.
You
5.
Toadies, Inc., has identified an investment project with the following cash flows. |
Year | Cash Flow | ||||||||||||||
1 | $ | 1,575 | |||||||||||||
2 | 1,695 | ||||||||||||||
3 | 1,780 | ||||||||||||||
4 | 1,830 | ||||||||||||||
|
6.
You want to buy a new sports coupe for $88,500, and the finance office at the dealership has quoted you a 7.0 percent APR loan for 72 months to buy the car. |
What will your monthly payments be? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) |
Monthly payment | $ |
What is the effective annual rate on this loan? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) |
Effective annual rate | % |
7.
You |