b. $600, 0.008 75, 16 d. $2400, 0.008 75, 4 13. $200 is invested monthly for 20 years into a fund that pays 7% per year, compounded monthly. Which are correct values for PMT, i, and n? a. $200, 0.0583, 240 c. d. $200, 0.005 83, 240 $2400, 0.005 83, 20 b. $200, 0.0035, 240 14. A car dealer offers a sedan for 48 monthly payments of $565.43 at 8% interest, compounded monthly. Wha is the cost of the car for a customer paying cash at the time of purchase? $23 161.09 C. $23 143.29 a. b. $22.983.91 d. $23 159.31 15. $3800 is to be repaid in quarterly payments for 6 years with interest at 6.5% per year, compounded quarter Which are the correct values for PV, i, and n? a. $3800, 0.01625, 24 c. d. $3800, 0.0163, 24 $3800, 0.065, 24 b. $3800, 0.01083, 24 16. $10 000 is to be repaid in monthly payments for 4 years with interest at 12% per year, compounded month Which are the correct values for PV, i, and n? a. $10 000, 0.012, 48 c. $10 000, 0.03, 24 b. $10 000, 0.01, 48 d. $10 000, 0.012, 12 17. How much must Louis deposit every week to save a million dollars in 50 years, if he makes 5.2% interest, compounded weekly? a. $321.38 c. $160.69 d. $80.35 b. $241.04 18. What is the present value of an investment in which the interest rate is 3.9% per year, compounded annuall with 6 regular withdrawals of $2500? a. $15 000 c. $23 599.41 d. $512.78 b. $13 148.11 19. What is the present value of an investment in which the interest rate is 4.3% per year, compounded semi- annually over 3 years, with regular withdrawals of $1800 every 6 months? a. $10 031.73 C. d. $9344.38 $10 800 b. $5175.86 20. The Chuns took out a $175 000 mortgage for a new home. They will repay the mortgage over 25 years by making monthly payments. If the interest rate is 4.4% per year, compounded semi-annually, what is the monthly payment? a. $962.80 c. $758.04 d. $958.87 b. $758.90