1. Your company is purchasing an OTR semi-tractor and trailer for $135,000.00. You will put $15,000.00 down and finance the remainder for 5 years at 5.125%.
   1. What will your monthly payments be?
   2. What is the total amount of your payments over the life of the loan?
   3. How much interest will you pay over the life of the loan?
2. 

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Chapter 5 Time Value of Money Problems Your Name Problem # P/Y N 1/Y PV PMT FV 1a Points Possible Your 5 1b 1c