will rate

14. You just borrowed $20,000 to buy a new car, at an interest rate 8% year. You will make three annual installment payments starting exactly one year from today. Calculate the annual payment amount. a. $9,313 b. $7,761 c. $7,393 d. $6,667 e. $6,161 15. The Dorsey open-end fund owns $1,656 million worth of the common stocks of various companies. Its liabilities are $240 million. NAV = net asset value. If the fund has 53 million shares outstanding, its NAV/share is: a. $24.00 b. $26.72 c. $31.25 d. $35.77 e. $1,416 million