33. .ananmary. an annuity due. C. an installment plan cash payments lasting fore

Question

33. .ananmary. an annuity due. C. an installment plan cash payments lasting forever is termed lasting forever is equal D. a perpetuity a growing perpetuity. 34. Janis just won a scholarship that months. Which one of the terms her will pay her S500 a month, starting todkay, and continuing for the next 48 following terms best describes these scholarship payments? B. Annuity due C. Consol D. Ordinary perpetuity E. Perpetuity due 35. How much will accumulate after in an an interest rate ofr 3 years in an account with an initial deposit of S100 ir the account earms rate of 2.5% A. $107.69 B. $133.10 C. $134.33 D. $134.49 E. $313.84 you are buying your first condo for $145,000, and you will make a $15,000 down payment. You monthly, with the first payment due in one month. What will your monthly payment be? 36. Suppose have compounded A. $741.57 B. $780.60 C. $821.69 D. $862.77 E. $905.91 arranged to finance the remainder with a 30-year fixed rate mortgage at an interest rate of 65% APR 37. Hughes Motors will sell you a $15,000 car for $380 a month for 48 months. Whst is the APR on this offer? A. 9.28% B. 9.35% C. 9.53% D. 9.86% E. 9.94%

Explanation / Answer

33.

D. a perpetuity

34.

B. annunity due

35.

accumulate balance=100*(1+2.5%)^(3*4)=134.49

36.

monthly payment

=(145000-15000)/((1-(1+(6.5%/12))^(-30*12))/(6.5%/12))

=821.69

37.

use financial calculator as

PV=-15000

PMT=380

N=48

FV=0

Click CPT

Click I/Y=0.828% per month

APR=0.828%*12=9.94%

the above are answer..

Related Questions

Navigate

• Browse (All)
• Browse 3
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.