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Q1) Suppose you signed a contract for a special assignment over the next 6 years. You will be paid $26,404 at the end of each
Q1) Suppose you signed a contract for a special assignment over the next 6 years. You will be paid $26,404 at the end of each year. If your required rate of return is 18.00%, what is this contract worth in today? Q2) You need a loan to purchase new equipment. The loan will be paid off over 13 years with payments made at the end of every quarter. If the stated annual rate is 13.00% and quarterly payments are $245, what is the loan amount? Q3) You would like to purchase a car for $21,496. If the car loan is 14.00% financed over 4 years, what will the monthly payments be for this car? When inputting an answer, round your answer to the nearest 2 decimal places.If you need to use a calculated number for further calculations, DO NOT round until after all calculations have been completed. For the final answer, Round to 2 decimal places
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