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please answer both and show all work. Please do not use excel 4. A perpetuity makes end-of-year payments of $X starting at the end of
please answer both and show all work. Please do not use excel
4. A perpetuity makes end-of-year payments of $X starting at the end of year 2. Under interest rate 4% per annum, the present value of the perpetuity is $480.769. Calculate X. 5. John wants to buy a Tesla Model 3 with a price of $45000. John is going to pay $X in cash and finance the remaining purchase using a loan with end-of-month payment of $600 for 5 years, at a loan rate of 6% convertible monthly. Calculate XStep by Step Solution
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