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Question 3 (5 points) You are considering the purchase of a $54,500 Ford F-150 Raptor. If you are financing the truck for 72 months and
Question 3 (5 points) You are considering the purchase of a $54,500 Ford F-150 Raptor. If you are financing the truck for 72 months and the auto loan annual rate is 3.5%, what is your monthly car payment? (Round your answer to the nearest hundredth; two decimal places) Your Answer: Answer Question 4 (5 points) You learned that XYZ, Inc. has a bond with $1,000 face value. The bond carries a 6% coupon, paid semiannually, and matures in 11 years. What is the fair market value of the bond if the yield to maturity is only 7%? (Round your answer to the nearest hundredth; two decimal places) Your Answer: Answer Question 5 (5 points) In a certain year, if your return on investment is 4.20% and the inflation rate during that same year is 1.40%, what is your real rate of return? (Use two decimal places when solving this problem) Your
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