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please answer all questions #1 unanswered Derek decides to buy a new car. The dealership offers him a choice of paying $562.00 per month for
please answer all questions
#1 unanswered Derek decides to buy a new car. The dealership offers him a choice of paying $562.00 per month for 5 years with the first payment due next month) or paying some $28,508.00 today. He can borrow money from his bank to buy the car. What interest rate makes him indifferent between the two options? not_submitted Attempts Remaining: Infinity Submit Answer format: Percentage Round to: 3 decimal places (Example: 9.243%, % sign required. Will accept decimal format rounded to 5 decimal places (ex: 0.09243)) #2 unanswered Derek wants to withdraw $14,791.00 from his account 4.00 years from today and $12,601.00 from his account 11.00 years from today. He currently has $2,010.00 in the account. How much must he deposit each year for the next 11.0 years? Assume a 6.41% interest rate. His account must equal zero by year 11.0 but may be negative prior to that. not submitted Attempts Remaining: Infinity Submit Answer format: Currency: Round to: 2 decimal places. #3 Derek currently has $13,205.00 in an account that pays 5.00%. He will withdraw $5,663.00 every other year beginning next year until he has taken 5.00 withdrawals. He will deposit $13205.0 every other year beginning two years from today until he has made 5.0 deposits. How much will be in the account 29.00 years from today? unanswered not_submitted Attempts Remaining: Infinity SubmitStep by Step Solution
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