Question
Would very much appreciate your support with the following financial statements or exercises. Thank you!! 1. You decide to sell a vehicle that is valued
Would very much appreciate your support with the following financial statements or exercises. Thank you!! 1. You decide to sell a vehicle that is valued at $3,360 you have two buyers that have made you the following offers; you want to know which one is the most convenient. a) $1,128 in cash and 12 monthly payments $176, this buyer will recognizes an interest rate of 15% monthly capitalizable. b) $1,179 in cash and a payment of $2,096 one year term, recognizing a interest rate of 18% per year.
2. You want to buy a land under the following conditions: $8,800 of initial installment (premium) and the balance through 36 equal quarterly payments for $1,384, the first payment in exactly two years. Find the cash value if the seller charges an interest rate of 20% capitalizable quarterly.
3. You join a Supplementary Pension Plan, in order to retire in 30 years from now, for which you plan to save $128 a month. How much would you have accumulated at the end, if the Public Offer purchase pays you an average interest of J(12) = 12%?
4. How much should you save monthly in advance in an investment fund that pays an average rate of 9% compounded monthly, if you want to accumulate $ 50,000 within 8 years?
5. A bridge construction requires an initial investment of $3,000,000 and it estimates that future maintenance will be $100,000 per quarter. How many should request the Government today to an international organization, to cover both the initial investment such as future maintenance, if the interest rate is 6% convertible quarterly?
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