You want to buy a new car worth $30,000 but you have no savings. The Finance Manager offers a loan to finance your new car with payments of only $750 per month payable for the next 7 years, with the first payment starting at the end of the first month. What is the nominal annual interest rate you will be paying

2 What is the PV of the following stream of cash flows assuming an interest rate of 5.0%?

Years: 0 1 2 3

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$0 $100 $182 -$126

3 Your Uncle has just retired and has investments of $375,000. He expects to live for another 25 years and also expects to earn 7% annually on his invested funds. How much can he withdraw each year and not run out of funds until the 25th year (i.e. in year 25 his balance will be zero) if he makes the first withdrawal starting today?

26 You want to buy a new Garworth $30,000 but you have no savings. The Finance Manager oftets a loan to leance your car with payment of only 575 month payable for the nexd 7 years, with the first payment starting at the end of the first month. What is the commal estate you will be paying 4.00 PF Question 27 Not yet answered Marked out of 2.00 What is the PV of the following stream of cash flows assuming an interest rate of 5.0%? Years: 0 1 2 3 1 1 1 1 so 5100 $182 $126 Flag question Question 28 Not yet answered Your Uncle has just retired and has investments of $375,000 He expects to live for another 25 years and also expects to eam The annually on histed funds How much can he withdraw each year and not run out of funds until the 25th year in year 25 his balance will be zero if he makes the best withdrawal ang today? Marked out of 400 FF $ 4:16 PM 2/17/2021 Quedin 29 W O Ri e