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QUESTION 17 Stephen can afford $350 a month (excluding taxes and fees) for 6 years for a car loan. If the interest rate is 5.5
QUESTION 17 Stephen can afford $350 a month (excluding taxes and fees) for 6 years for a car loan. If the interest rate is 5.5 percent, how much can he afford to borrow to purchase a car? $29.775.69 O $11,697.88 O $22,422.60 $21,422.60 QUESTION 18 If the outstanding balance on a loan at the beginning of the year is 300,000 and yearly payment of the loan is $79,139. Assume interest rate is 10%. HOW much of the payment amount goes towards interest and principal repayment in that year? Interest Payment = 30,000 and Principal Repayment = 50.139 Interest Payment = 35,000 and Principal Repayment = 50,139 O Interest Payment = 35,000 and Principal Repayment = 49,139 Interest Payment = 30,000 and Principal Repayment = 49,139 QUESTION 19 ABC, Inc. has a beta of 0.0. If the current rate on Treasury Bills is observed to be 2.496 and the stock market has a return of 1096, What is the expected return on the stock? 2.496 0 7.696 1096 1.496 QUESTION 20 Elmer Stanley's portfolio is comprised of the following stocks. What is his expected portfolio return? Stock Weight Return H 5096 2096 1 3096 -1096 J 2096 1096 9.096 -9.096
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