= Homework: Chapter 6 Homework Question 4, P6-14 (similo... HW Score: 0%, 0 of 20 points Part 1 of 2 Points: 0 of 3 Save (Annulty number of periods) Alex Karev has taken out a $220,000 can with an annual rate of percent compounded monthly to pay off hospital bills from his wife tazy's less the most Alex can afford to pay la $2.500 per month, how long wil it take to pay off the loan? How long will it take for him to pay of the foon he can pay $1.000 per month? Use five decimal places for the monthly percentage rate in your calculations Alex can pay $2.500 per month, the number of years k takes for him to pay of the loan a year. (Round to one decimalt place) = Homework: Chapter 6 Homework Question 5, P6-21 (simila.. HW Score: 0% 0 of 20 points Save Part 1 of 2 Points: 0 of 4 (Annully number of periods) You've just bought a new flat-screen TV for $1.200 and the store you bought from offers to let you finance the entire purchase at an annual rate of 13 percent compounded monthly you take the financing and make monthly payments of 120. how long will take to pay off the loan? How much will you pay in interest over the life of the loan? GEREED The number of years will be to pay of the loan is your (Round to one decimal place) Principles of Financial Mgmt (61) = Homework: Chapter 6 Homework Question 10, P6-52 (simil... HW Score: 0%, of 20 points Save O Points: 0 of 1 (Procent value of complex cash flows) How much do you have to deposit today so that beginning 16 years from now you can withdraw $11,000 a year for the next 5 years (periods 11 tvough 15 plus nationw amount of $22.000 in the last your period 15? Assume an West rate of 11 percent The amount of money you have to dopout today in 8. Round to the nearest cont)