A bookstore offers you the following deal: you pay $32 today (in January) and you get 9% off the price of everything you purchase in December (for simplicity assume exactly 12 months from now). If your savings account earns 4.72% APR (compounded monthly), how much do you have to buy in December to just break even on the offer?

Q: You decide to buy a car for $15,000.00 and decide to make payments of $1,100 each month. If the loan…

A: Using excel NPER function

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A: Dear student, we need to use NPER and FV formulas in excel to solved this problem.

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A: Using excel NPER function

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Q: Suppose you are considering taking consumer loan from bank for one year. Usually, for short-term…

A: Given: