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equations please Q1) Suppose you signed a contract for a special assignment over the next 5 years. You will be paid $15,305 at the end
equations please
Q1) Suppose you signed a contract for a special assignment over the next 5 years. You will be paid $15,305 at the end of each year. If your required rate of return is 07.00%, what is this contract worth in today? Q2) You need a loan to purchase new equipment. The loan will be paid off over 6 years with payments made at the end of every quarter. If the stated annual rate is 11.00% and quarterly payments are $342, what is the loan amount? Q3) You would like to purchase a car for $17,094. If the car loan is 06.00% financed over 3 years, what will the monthly payments be for this car? INSTRUCTIONS Q4) What is the most that you would pay for an investment that promises to pay $17,744 a year forever with the first payment starting one year from now? Assume that your required rate of return for this investment is 24.00%. When inputting an answer, round your answer to the nearest 2 decimal places. If you nee to use a calculated number for further calculations, DO NOT round until after all calculations have been completed. For the final answer, Round to 2 decimal places. Q5) A loan has a stated annual rate of 08.00%. If loan payments are made monthly and interest is compounded monthly, what is the effective annual rate of interestStep by Step Solution
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