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2. You want a new car that costs $25,000. Compute the following: a. What would the monthly payment be if you borrowed $25,000 from a
2. You want a new car that costs $25,000. Compute the following: a. What would the monthly payment be if you borrowed $25,000 from a credit union at 6% for 5 years? O PV= O FV= O I= N= - Pmt = ANSWER: c. What would be the total of monthly payments (the amount you would actually. pay for the car) - ANSWER: 3. You have a trust that when mature will be $250,000 that you will receive when you are 50 years old. You are 25 years old now. If the trust is growing at 8% per year what is the value of the trust now? PV=FV=I=N= Pmt =
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