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please show steps for all three questions 15, You are buying a car for $25,000 and financing it with a 5-year loan that has an
please show steps for all three questions
15, You are buying a car for $25,000 and financing it with a 5-year loan that has an annual rate of 9%, compounded monthly. How much of the second monthly payment goes toward repaying principal? A. S297.57 B. s305.17 c. s317.23 D. $333.94 E. s339.9,4 16. If you borrow $31,000 today and your monthly payments are $943.08, how many payments must you make to pay off the loan if you are being charged 6%APR compounded monthly? A. 28 B. 31 C. 32 D. 34 E. 36 17. A company just paid a dividend of $6 and expects the dividend to decrease 10% this year, decrease 20% next year and then grow at a constant rate of 5% thereafter. If your required rate of return for the company is 10%, what is theper share value today? A. $74.50 B. $76.25 C. $78.22 D. S80.14 E. $83.45Step by Step Solution
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