P5-5 (similar to) Question Help Present value with periodic rates. Sam Hinds, a local dentist, is going to remodel the dental reception area and add two new workstations. He has contacted A-Dec, and the new equipment and cabinetry will cost $22,000. The purchase will be financed with an interest rate of 9.5% loan over 7 years. What will Sam have to pay for this equipment if the loan calls for quarterly payments (4 per year) and weekly payments (52 per year? Compare the annual cash outflows of the two payments. Why does the weekly payment plan have less total cash outflow each year? What will Sam have to pay for this equipment if the loan calls for quarterly payments (4 per year)? $ (Round to the nearest cont.) Enter your answer in the answer box and then click Check Answer. 2 parts remaining Clear All Check Answer hapter Resources Jamie Chudu Module Type here to search A 234 PM - 3/31/2020 P5-7 (similar to) Question Help Future value with periodic rates. Matt Johnson delivers newspapers and is putting away $35 at the end of each quarter from his paper route collections. Mattis 12 years old and will use the money when he goes to college in 6 years. What will be the value of Matt's account in 6 years with his quarterly payments if he is earning 6% (APR), 8.5% (APR), or 14.5% (APR)? What will be the value of Matt's account in 6 years with his quarterly payments if he is coming 6% (APR)? $ (Round to the nearest cent.) M Enter your answer in the answer box and then click Check Answer 2 parts remaining Clear All Check Answer Chapter Resources Dunami Chut Module Type here to search 9 e 2030 Home G 1 Pgup m % Question Help Amortization schedule with periodic payments Moulton Motors is advertising the following deal on a new Honda Civic: "Monthly payments of $425.80 for the next 60 months and this beauty can be yours!" The sticker price of the car is $21,000. If you bought the car, what interest rate would you be paying in both APR and EAR terms? What is the amortization schedule of the first six payments? If you bought the car, what monthly interest rate would you be paying? % (Round to four decimal places.) Enter your answer in the answer box and then click Check Answer 20 remaining Clear All Check Answer apter Resources