Question
A debt of $5000 can be repaid, with interest at 8% by the following payments The payment at the end of the fifth year is shown as x, How much is X? $1.495.91 $1.154.45 $2, 050.56 $2.500.00 Picasso borrows $1000, To repay the amount she males 12 equal monthly payments of $90.30. Determine the nominal annual interest rate. 16.05% 15 % 17.5% 15.5% from question 11, determine the effective annual interest rate. 16.08% 15.5% 15% 17.5% Given the following data. use present worth analysis to Find the best alternative, A, B, or C is = 10% Alternative A Alternative B Alternative C A new cm is purchased for $12,000 with a 0% down. 9% loan. The loan is for 4 years. After 30 payments, the owner wants to pay of the loan's remaining balance. How much is owed? $6, 215.25 $5, 200.45 $4, 956.18 $5, 010.60
Explanation / Answer
10. b
11.a
12.c
13. b
14. c