you only have 12,000.lrthe interest me is 6%, bow ling dn It take save to buy the car? D) 6 years A) 6.76 years B) 8 years 877 years 30) The salesperson offers, -Bay this new car for $25,000 cash or, with an appropriate down payment, pay s500 per month for 48 months at 8%-esL. Assuning dat the two oe ers are equivalent, calculate the D) 4519.04 'appropriate. down payment. ) 100000 B) 8000.00 C) 5127.24 reeiving cash flows of $1,000 today, $2,000 at end of year 1, 54,000 at end of year 3, and of year 3. What is the present value of these cash flows at an inperest rate of 7%7 31) You will be 56,000 at end A) 11524.91 B) 10412 27 C) 10524.08 D) 9731.13 h more is a perpetuity of s1,000 worth tha an anuity of the same amount for 20 years? Assume an 32) interest rate ef l A) 2000.00 056 and e cash flows at the end of each period B) 297.29 1635.08 D) 1486.44 33) A stream of equal cash payments lasting forever is termed: A) a perpetuity Q) an annuity due B) an installment plan 34) what is the present value of a five-period aniity of $3,000 if the interest rate per period is 12% A) 1211205 B) 13200.00 C)965565 D) 10814.33 39 what is the effective annual interest rate on an account with an APR of 10% and monthly compounding? 35) A) 10.52% B) 1047% 11.09% D) 10.00% 36 what is the future value of $100 to be deposited today into an account paying 8% compounded semaannually 36 for 2 years? A) 100 ) 116,00 C) 85.48 D) 116.99 37) "Reinvestment" means: 37) A) the reinvestment of earnings into new projects B) new investment in new operations. C) new investment by new shareholders D) additional investment in existing operations 38) If a borrower promises to pay you $1,900 nine years from now in return for a loan of $1,000 today, what 35) interest rate is being offered if interest is compounded annually? A) 7.39% B) 9.00% C)1000% D) 5.26% 39) A bond has a coupon rate of 8%, pays interest semiannually, sells for S960, and matures in 3 years what is 39 its yield to maturity? A) 9.57% B) 4.78% C) 12.17% D) 5.48% 40) A car dealer offers payments of$522.59 per month for 48 months on a S21 ,000, what is the loan's APR? B)12% C)6% D)9%