I need this now please and please check your answers.

Unit 8

1 The Shelby Cobra retails for $47,684 (all taxesincluded). What are the monthly loan payments for the car if you make a down payment of $4,001, the term is 5 years and the APR is 6.5%? (Car loan payments are made at the end of eachmonth.)

What is the amount of the monthlypayment?

$(Put a number to the nearestcent.

2. 5year regular annuity has a present value of$1,000, and if the interest rate is10%, what is the amount of each annuitypayment?

A $315.38

B. $300.20

C. $346.87

D $263.80

E. $240.42

3 The present value of a$25,000 perpetuity at a 14 percent discount rateis: (Round to the nearest wholedollar)

A.$178,571

B.$219,298

C $285,000

D. $350,000

4 What is the present value of a 5year ordinary annuity with annual payments of$200, evaluated at a 15 percent interestrate?

A.$1,522.64

B.$842.41

C.$1,169.56

D.$1,348.48

E.$670.43

5 Three years from now you will begin receiving annual payments of$7,200. This will continue for 14 years. At a discount rate of5.8%, what is the present value of this stream of cashflows?

A.$54,523.00

B.$57,216.29

C.$60,534.84

D.$64,045.86

E.$51,253.11

6 You just graduated and you expect to work for ten years and then to leave for the Australian"Outback" bush country. You figure you can save$1,000 a year for the first five years and$2,000 a year for the next five years. These savings cash flows will start one year from now. Inaddition, your family has just given you a$5,000 graduation gift. If you put the gift now and your future savings when theystart, into an account that pays8% compoundedannually, what will your financial"stake" be when you leave for Australia 10 years from now.(Round to the nearest wholedollar)

A.$21,432

B.$20,000

C.$31,148

D.$16,651

E.$28,393

7 The time valueconcept/calculation used in amortizing a loanis:

A. Future value of an annuity

B. Present value of a dollar

C. Present value of an annuity

D. Future value of a dollar

8 You just took out a$12,000 loan for your small business. The loan has a four year term and repayment is in the form of four equal end-of-year payments. The interest rate on the loan is11.5%. What are your annual loanpayments?

$3,246.84

B. $3,144.83

C. $3,867.92

D. $3,287.78

E. $3,909.29

9 You just took out a$12,000 loan for your small business. The loan has a four year term and repayment is in the form of four equal endofyear payments. The interest rate on the loan is11.5%. Consider the final loan payment. How much principal do you pay in the finalpayment?

A. $3,909.29

B.$2,529.29

C.$3,144.48

D.$2,820.16

E.$3,506.09

10 You just took out a$12,000 loan for your small business. The loan has a four year term and repayment is in the form of four equal endofyear payments. The interest rate on the loan is11.5%. Consider the final loan payment. How much interest do you pay in the finalpayment?

A.$1,089.13

B.$403.20

C.$350.61

D.$1,380.00

E.$764.81