Question
Annuities You need to use the function built in excel to answer the questions. Manually fill in the answer will receive 0 points. a) Compute
Annuities
You need to use the function built in excel to answer the questions. Manually fill in the answer will receive 0 points.
a) Compute the present value of this annuities
Annual payment: $25,000
Number of years for payments: 20
Interest rate: 8%
b) Compute the Future Value of the annuities in part (a)
c) Suppose you are buying a car with the following information
Car Price: $32,000
Number of monthly payments: 48
APR: 6.00%
What is the monthly payment?
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Handbook Of The Economics Of Finance Volume 2A
Authors: George M. Constantinides, Milton Harris, Rene M. Stulz
1st Edition
