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Suppose you borrowed $28,000 at a rate of 9.0% and must repay it in 4 equal installments at the end of each of the next
Suppose you borrowed $28,000 at a rate of 9.0% and must repay it in 4 equal installments at the end of each of the next 4 years. How large would your payments be? Select the correct answer. a. $8,642.72 b. $8,637.32 C. $8,648.12 d. $8,626.52 e. $8,631.92 At a rate of 13.5%, what is the future value of the following cash flow stream? Years: 0 4 1 + $75 2 + $225 3 + CFs: $0 $0 $300 Select the correct answer. a. $699.51 b. $695.91 c. $688.71 d. $703.11 e. $692.31
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