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clear steps without use excel. if not just hive answer Prosent value. A smooth talking used car salesman who smiles considerably is offering you a

clear steps without use excel. if not just hive answer
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Prosent value. A smooth talking used car salesman who smiles considerably is offering you a great deal on a "pre-owned car. He says, "For only 6 annual payments of $2,300, this beautiful 1998 Honda Civic can be yours" If you can borrow money at 7%, what is the price of this car? Assume the payment is made at the end of each year Annuity due Reginald is about to lease an apartment for 18 months. The landlord wants him to make the lease payments at the start of the month. The monthly payments are $1 100 per month The landlord says he will allow Reg to prepay the rent for the entire lease with a discount The one-time payment due at the beginning of the lease is $18519. What is the implied monthly discount rate for the rent? If Reg is earning 0 6% on his savings monthly, should he pay by month or make the one-time payment? 90 Time line of cash flow and the present value of an annuity due Mauer Mining Company leases a special drilling press with annual payments of $140,000 The contract calls for rent payments at the beginning of each year for a minimum of 10 years Mauer Mining can buy a smlar drill for $990,000, but it will need to borrow the funds at 9% a. Show the two choices on a timeline with the cash flow b. Determine the present Value of the lease payments at 9% c. Should Mover Mining lease or buy this drill? a. Which of the following figures correctly shows the two choices on a timeline with the cash flow? (Select the best response OA TO Ti 73 73 To 1 5140.000 $140,000 $100,000...... 5140.000 $140,000 Lease 2 $900.000 Loon OB re 7 ...... 13 Tho Discount loan (interest and principal at maturity). Chuck Ponzi has talked an elderly woman into loaning him $40,000 for a new business venture. She has, however, successfully passed a finance class and requires Chuck to sign a binding contract on repayment of the $40,000 with an annual interest rate 6% over the next 10 years. Determine the cash flow to the woman under a discount loan in which Ponzi will have a lump-sum payment at the end of the contract SED What is the amount of payment that the woman will receive at the end of years 1 through 9

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