Complete the calculations for the following questions and

choose the most suitable answer for each question from

the listing provided.

On January $1,2022,$ Neel Das purchases a car for

$$25,000$ and makes a $10\%$ down payment. He

obtains financing at $12\%$ interest with semiannual

payments over $5$ years beginning July $1,2022.$

Instructions

Compute the payment Das will make at the end of

every $6$ months.

Kim Black plans to buy a truck for $$24,000$ after $3$

years. If the interest rate is $6\%,$ how much money

should Black set aside today for the purchase?

Warleggan Company owns a garage and is

contemplating purchasing a tire retreading

machine. Warleggan projects a net cash flow from

the retreading machine of $$10,000$ annually for $7$

years. It estimates a salvage value of $$8,000$ at the

end of the asset's useful life. Warleggan hopes to

earn a return of $10\%$ on such investments. What is

the net present value?

Luis Rodriguez wants to buy a car in $3$ years. He

will need $$3,000$ for a down payment. The annual

interest rate is $9\%.$ How much money must

Rodriguez invest today for the purchase?