If a car is paid P14,000 monthly with no required down payment for 5 years, what is the cash price if the interest rate is 12% compounded monthly? Pls. answer with a solution and pl.s do not use excel.
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If a car is paid P14,000 monthly with no required down payment for 5 years, what is the cash price if the interest rate is 12% compounded monthly?
Pls. answer with a solution and pl.s do not use excel.
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- A car is to be purchased in monthly payments of P17,000 for 4 years starting at the end of 4 months. How much is the fair market value of the car if the interest rate used is 12% converted monthly and down payment is 65,000? __13. How many artificial payments is given? A. 3 B. 4 C. 7 D.8A new car will cost $24,000 to buy and $5500 annually to operate. If it is sold for $9300 after 6 years, what is the EUAC? Assume that the owner’s interest rate is 3% for the time value of money.For item (13) A car is to be purchased in monthly payments of P17,000 for 4 years starting at the end of 4 months. How much is the fair market value of the car if the interest rate used is 12% converted monthly and down payment is 65,000? _____13. How many artificial payments is given?
- -Due to the peso devaluation, a car of costing P150,000 is to be purchased through a finance company instead of paying cash. If the buyer is required to pay P40,000 as down payment and P4,000 each month for four years, what is the effective interest rate on the diminishing balance?Suppose that a car that you want costs $9000. You make a down payment of $1000 and finance the rest for 4 years at 1.9% interest, compounded monthly. If you make monthly payments for 4 years, what is the total amount of interest that you'll end up paying? Round your answer to two decimal places if rounding is necessary. The $ sign is already written next to the answer box, so do not type a $ sign in your answer.An automobile is “priced” at $7,000. A buyer may purchase the car for $6,500 now or, alternatively, the buyer can make a down payment of $1,000 now and pay the remaining $6,000 in 8 equal quarterly payments (over 2 years) at 8% compounded quarterly. Solve, a. If the buyer’s TVOM is 10% per year compounded quarterly, would the buyer prefer to pay the $6,500 outright or make the down payment and the quarterly payments? b. What is the effective annual interest rate at which these two payment options are equivalent?
- A service car whose cash price was P540,000was brought with a down paument of P162,000 and monthly of P10,874.29 for 5 years. What was the rate of interest if compounded monthly?Because of the peso devaluation, a car costing P150,000 is to be purchased through a finance company instead of paying cash. If the buyer is required to pay P40,000 as down payment and P4,000 each month for four years, what is the rate on the diminishing balance?a. Renting a machine will need monthly payments of $6,000 for the next 5 years (i.e., at t = 1, 2, …, 60). However,if we choose to buy the machine today,which is (t = 0) will cost $320,000. Assume the machine's value is zero after 5 years. It is possible to borrow and lend at a semi-annually compounded interest rate of 6% (APR). Would it be better to buy or to lease? Explain. b.We are currently at year 0. It is worthy to note that there is a perpetuity that pays $250 at the end of each odd year and $150 at the end of each even year. The term structure is flat at 10% per year. Evaluate the present value of this perpetuity. c.Assume the CAPM is valid.The return on asset ABC is perfectly correlated with the return on market portfolio. Your friend makes the following statetment: a portfolio that had a dollar invested and at the same time,shorting one dollar of the market portfolio will have no systematic risk. Comment on this and whether it is feasible.
- A Chevrolet Sonic Hatchback costs $14,640.00. With a 9% down payment, you can have an amortized loan for 8 years at a rate of 4.5%. a) What will the monthly payment be? b)How much will the car cost, in total c)How much money will be paid in interest?A Chevrolet Sonic Hatchback costs $ 14,980.00. With a 9 % down payment, you can have an amortized loan for 6 6 years at a rate of 3.5 %. What will the monthly payment be? how much will the car cost, in total? how much money will be paiid in interest? Only typed answerA condominium unit can be bought at a down payment of P150,000 and a monthly payment of P23,347 for 10 years starting at the end of 5th year from the data of purchase. If money is worth 3% compounded monthly, what is the cash price of the condominium unit? Solve and explain!