Dave Krug finances a new automobile by paying $6,900 cash and agreeing to make 10 monthly payments of $590 each, the first payment to be made one month after the purchase. The loan bears interest at an annual rate of 12% What is the cost of the automobile? PV of $1. FV of $1. PVA of $i, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Monthly Payment Table Factor Present Value of Loan Table Values are Based on: Present Value of Loan Cash Down Payment Cost of the Automobile Compute the amount that can be borrowed under each of the following circumstances PV of $1. FV of $1. PVA of S1, and EVA of $18 (Use appropriate factor(s) from the tables provided. Round your "Table value to 4 decimal places.) 1 A promise to repay $99,000 ten years from now at an interest rate of 10% 2. An agreement made on February 1, 2019. to make three separate payments of $28,000 on February 1 of 2020 2021, and 2022 The annual interest rate is 4% Table Value Amount Present Value Option 1 Loan amount Table Value Amount Present Value Option 2 Annual payments Kelly Malone plans to have 549 withheld from her monthly paycheck and deposited in a savings account that eams 12% annually, compounded monthly It Malone continues with her plan for two and one-half years, how much will be accumulated in the account on the date of the last deposit? (PV of $1. FV of S1. PVA of S1, and FVA of $1 (Use appropriate factor(s) from the tables provided. Round your final answer to 2 decimal places. Round "Table Factor" to 4 decimal places.) Periodie Cash Flow Table Factor Total Accumulation Table Values are based on C&H Ski Club recently borrowed money and agreed to pay it back with a series of six annual payments of $8.000 each. C&H subsequently borrows more money and agrees to pay it back with a series of four annual payments of $23.000 each. The annual interest rate for both loans is 8%. Find the present value of these two separate annuities. (PV of $1. FV of $1. PVA of $1. and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your answers to nearest whole dollar. Round "Table Factor" to 4 decimal places.) Number of Periods Table Factor Amount Borrowed 1 2 0 First Annuity Interest Single Future Rate Payment 8% S 8,000 8% 8,000 8% 8,000 X 89 8.000 8% 8,000 X 8% 8.000 First payment Second payment Third payment Fourth payment Fifth payment Sith payment 3 0 4 0 5 0 6 0 X Table Factor Amount Borrowed Number of Periods 1 Second Annuity Interest Single Future Rate Payment 8% $ 23.000 x 8% 23,000 x 8% 23,000 X 8% 23,000 2 First payment Second payment Third payment Fourth payment 0 3 0 4 S
