Question
1. You are borrowing $5,750 to buy a car. The terms of the loan call for monthly payments for 3 years at a 4.50 percent
1. You are borrowing $5,750 to buy a car. The terms of the loan call for monthly payments for 3 years at a 4.50 percent interest compounded monthly. What is the amount of each payment?
| A. | $171.04 | |
| B. | $149.48 | |
| C. | $191.97 | |
| D. | $188.35 |
2.
The Free Company is considering two projects. Project ! consists of building a theater on Steven Retail Center. Project 2 consists of building a sit-down restaurant on Steven Retail Center. When trying to decide whether to build the theater or the restaurant, management should rely most heavily on the analysis results from the _______ method of analysis.
| A. | profitability index (This was wrong) | |
| B. | net present value | |
| C. | payback | |
| D. | internal rate of return |
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History Of Financial Institutions Essays On The History Of European Finance 1800–1950
Authors: Carmen Hofmann , Martin L. Müller
1st Edition
1138325007, 978-1138325005
