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hello, i have a homework in FIN/370 i attached the document and i need them by Saturday evening Complete the following problem sets from Chapter
hello,
i have a homework in FIN/370
i attached the document and i need them by Saturday evening
Complete the following problem sets from Chapter 5 in Microsoft Excel: 5-1 5-3 5-5 5-7 5-12 5-15 5-39 (Calculate monthly payment only) 5-1 FutureValue Compute the future value in year 9 of a $2,000 deposit in year 1 and another $1,500 deposit at the end of year 3 using a 10 percent interest rate. (LG5-1 5-3 Future Value of an Annuity What is the future value of a $900 annuity payment over five years if interest rates are 8 percent? 5-5 Present Value Compute the present value of a $2,000 deposit in year 1 and another $1,500 deposit at the end of year 3 if interest rates are 10 percent. (LG5-3) 5-7 Present Value of an Annuity What's the present value of a $900 annuity payment over five years if interest rates are 8 percent? (LG5-4) 5-12 Present Value of an Annuity Due If the present value of an ordinary, 6-year annuity is $8,500 and interest rates are 9.5 percent, what's the present value of the same annuity due? (LG5-6) 5-15 Effective Annual Rate A loan is offered with monthly payments and a 10 percent APR. What's the loan's effective annual rate (EAR)? 5-39 Loan Payments You wish to buy a $25,000 car. The dealer offers you a 4-year loan with a 9 percent APR. What are the monthly payments? How would the payment differ if you paid interest only? What would the consequences of such a decision be? (LG5-9)Step by Step Solution
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