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QUESTION 14 3.333 points Saved You want to buy a $24,000 car. The dealer offers you a 4-year loan with an 7 percent APR and
QUESTION 14 3.333 points Saved "You want to buy a $24,000 car. The dealer offers you a 4-year loan with an 7 percent APR and no down payment required. Assuming monthly compounding, what will the monthly payments be?" "$1,747.94" O $500.00 O $574.71 $434.71 Not possible to compute with the data provided QUESTION 15 3.333 points Saved "A bond is currently quoted at 94.65 - If you chose to buy this bond today at the currently quoted price, how much would you pay for the bond (Par value of the bond is $1,000)?" O$94.65 O "$9,465.00" $946.50 O "$1,000.00 Not possible to compute with the data provided QUESTION 16 3.333 points Save Answer "Calculate the price of a 4.25% coupon bond that matures in 7 years if the market interest rate is 6 percent (Assume semiannual compounding and $1,000 par value)." O "$1,141.20" $901.16 O "$1,077.88" $945.49 O $639.82
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