Those question I have correct answer (below). I need the process(step by step or

Q: Those question I have correct answer (below). I need the process(step by step or

1.) Between 8 and 9% 500/750 = 0.666 2.) $10,000 0.713503 * 13,500 = 9632.29 3.) $1,342 Payment = (rate * PV) / (1 - (1 + rate)^(- # of payments))

ID: 2639436 • Letter: T

Question

Those question I have correct answer (below). I need the process(step by step or explain )!!thanks

1.Present Value Factor for Reversion of $1

Period

10%

.943396

.934579

.925926

.917431

.909091

.889996

.873439

.857339

.841680

.826446

.839619

.816298

.793832

.772183

.751315

.792094

.762895

.713503

.708425

.683013

.747258

.712986

.680583

.644931

.620921

.704961

.666643

.630170

.596267

.564474

Using only the information in the table above, what would the IRR be for an investment that cost $500 in period 0 and was sold for $750 in period 5? (C)

Between 6% and 7%

Between 7% and 8%

Between 8% and 9%

Between 9% and 10%

2.Using only the information in the table above, approximately how much would you pay today for an investment that pays $0 annual interest, but earns 8% interest over the next four years and has a face value at maturity of $13,500? (C)

$8,000

$9,000

$10,000

$11,000

3. A borrower takes out a 30-year mortgage loan for $250,000 with an interest rate of 5%. What would the monthly payment be? (C)

$694

$1,042

$1,342

$1,355

Not enough information