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Amortization schedule with periodic payments. Moulton Motors is advertising the following deal on a new Honda Civic: Monthly payments of $500.34 for the next 48
Amortization schedule with periodic payments. Moulton Motors is advertising the following deal on a new Honda Civic: "Monthly payments of $500.34 for the next 48 months and this beauty can be yours!" The sticker price of the car is $19,000. If you bought the car, what interest rate would you be paying in both APR and EAR terms? What is the amortization schedule of the first six payments? If you bought the car, what monthly interest rate would you be paying? 1.0000 % (Round to four decimal places.) If you bought the car, what annual percentage rate (APR) would you be paying? 12.00% (Round to two decimal places.) If you bought the car, what effective annual rate (EAR) would you be paying? 6% (Round to two decimal places.) the nearest cent.) Data table (Click on the following icon in order to copy its contents into a spreadsheet.) Par Value Coupon Rate $1,000.00 $5,000.00 $5,000.00 $1,000.00 12% 6% 10% 7% Print Years to Maturity 20 15 20 20 Done Yield to Maturity 9% 8% 12% 10% Price ? ? ? ? - X Yi Ma Data table (Click on the following icon in order to copy its contents into a spreadsheet.) Yield to Maturity 8% 9% Par Value Coupon Rate $1,000.00 $1,000.00 $5,000.00 $1,000.00 8% 7% 11% 12% Print Years to Maturity 5 5 25 5 Done 12% 7% Price ? ? ? ? X Data Table Data table (Click on the following icon in order to copy its contents into a spreadsheet.) Yield to Maturity 7% 6% 10% 12% Par Value $5,000.00 $5,000.00 $1,000.00 $5,000.00 Coupon Rate 10% 6% 7% 5% Print Years to Maturity 5 5 30 5 Done Price ? ? ? ? X Bond prices and maturity dates. Les Company is about to issue a bond with semiannual coupon payments, an annual coupon rate of 9%, and a par value of $5,000. The yield to maturity for this bond is 6%. a. What is the price of the bond if it matures in 5, 10, 15, or 20 years? b. What do you notice about the price of the bond in relationship to the maturity of the bond? a. What is the price of the bond if it matures in 5 years? $ (Round to the nearest cent.)
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