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Wing Sze is buying a car. Her payments will be $1.271.25 monthly (at the end of every period) for 3 years. The interest rate is
Wing Sze is buying a car. Her payments will be $1.271.25 monthly (at the end of every period) for 3 years. The interest rate is 9.625% compounded weekly. What would the equivalent cash price of the car be? a) This question deals with the present value of an annuity immediate b) There will be 36 payments. The payment period is monthly c) The payment amount is $ 1271.25 d) The effective interest rate per period is 10.0612 x 95 e) The present/future value is $ 76909.78 X
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