help please asap Derek plans to buy a $32,246,00 car. The dealership offers zero percent financing for 53.00 months with the firstpayment due at signing (today). Derek would be willing to pay for the car in full today if the dealership offers him $cash back. He can borrow money from his bank at an interest rate of 5.27%.SubmitAnswer format: Currency: Round to: 2 decimal places.

Present value is the estimation of the current value of future cash value which is likely to be…

Answered: Derek plans to buy a $32,246.00 car.…

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 31P

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Similar questions

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Refer to the present value table information on the previous page. What amount should Brett have in his bank account today, before withdrawal, if he needs 2,000 each year for 4 years, with the first withdrawal to be made today and each subsequent withdrawal at 1-year intervals? (Brett is to have exactly a zero balance in his bank account after the fourth withdrawal.) a. 2,000 + (2,000 0.926) + (2,000 0. 857) + (2,000 0.794) b. 2,0000.7354 c. (2,000 0.926) + (2,000 0.857) + (2,000 0.794) + (2,000 0.735) d. 2,0000.9264
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