The purchase of an item will cost you $18,000 after taxes and fees. He are planning to pay a $3,000 down payment and then take out a five-year auto loan at an APR of 4.8%. He will make a monthly payment for the next five years starting a month from today. How much is theloan payment each month?

• $280.57
• $338.04
• $281.70
• $220.81
• $221.70

In order to plan on saving expenses, Sara is to give $10,000 a year for 4 years starting 18 years from today. If Sara is planning to deposit money in an account that earns 10%, how much does she have to deposit today?

• $7,913.79
• $9,181.97
• $8,347.25
• $6,271.41
• $5,701.28

Brian bought a twenty year bond 12 years ago at a yield to maturity of 8.36%. The bond has a face value of $1,000 and a coupon rate of 8.00%. If the required rate of return on this bond has stayed the same for 15 years, what is the price of the bond today?

• $979.30
• $973.05
• $965.31
• $1,020.97