Finance 300 Name
You want to buy a new car from Joe’s Motorworks for $25,000. The contract is in the form of a 48-month annuity at 7.5% APR. What will your monthly car payment be? 8. (4 points) You will receive $6,000 in one year and $7,000 in two years. What is the present value if the interest rate is 8% APR compounded quarterly? 9. (4 points) ................
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