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Please show your work: list out the N, IY, PV, PMT, and FV with correct signs. 6, Gloria wants to buy a car that costs
Please show your work: list out the N, IY, PV, PMT, and FV with correct signs. 6, Gloria wants to buy a car that costs $20,500. Her dad will loan her the money at 5.75% annual interest as long as she makes monthly payments over the next 10 years. How much will her monthly payment be? I/Y py PMT 7. Austin borrowed $5,000 from his father to purchase a mountain bike. He paid back $6,800 to his father at the end of 4.5 years. What was the average annual compound rate of interest on the loan from his father? I/Y PV PMT FV 8. Jamil wants to double his money in 6 years. What annual rate of return must he find in an investment to reach his goal? I/Y PV 9, How many years will it will take $25,000 to grow to $50,000 assuming an annual rate of return of 12%. I/Y FV 10. Your mother has $375,000 invested at 9.5%, and she now wants to retire. She wants to withdraw $75,000 at the end of each year. How many years will it take to exhaust her funds (run the account down to zero)? PMT
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