Question
n i PV$1 FV$1 PVA FVA 5 6.00% 0.74726 1.33823 4.21236 5.6371 60 0.50% 0.74137 1.34885 51.72556 69.7700 1.) You want to buy a $35,000
| n | i | PV$1 | FV$1 | PVA | FVA |
| 5 | 6.00% | 0.74726 | 1.33823 | 4.21236 | 5.6371 |
| 60 | 0.50% | 0.74137 | 1.34885 | 51.72556 | 69.7700 |
1.) You want to buy a $35,000 car today and will be making monthly payments for the next 5 years. What is your car payment if your borrowing rate is 6%? $_______ (round to nearest dollar)
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Financial Accounting
Authors: David Perkins
4th Edition
111925700X, 978-1119257004
