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/ Exercise Score: 4 0F 4 pts Determine the equal. annual. end—of—year payment required Dyer the life ofthe folloys'ing loans to repay them ﬁll Interest Term of Annual 5' Loan Principal (3} Rate (ox/D} Loan (Yrs) Payment (3} A 50,000 "r‘ 1? E 801000 13 6
Interest Term of Annual Lnan Principal (5] Rate (9X0) Lnan (Yrs) Payment (5] A 50.000 7‘ 1'." 5121.26 [Round to the nearest cent.) G (a) (of: (of: (of: (:7. (e) (a) D 
Exercise Score: 4 OF 4 pts Assignment Score: 2051: (8 0F4D ptsj You are considering the purchase of a Bl—IW' 315. You will borrow the money ﬁ'om BlIW' Financial Services. The terms of the deal are outlined belo‘ Bl'nv 3'15 CI
RVCD. SUth. 0100 in 4.?5 l‘ISRP = $110.000‘ I'erm = 24 months APR = 7'93 Down Payment = $0 l—Ionthly Payments = 924.98 The amortized loan payments are a blend ofinterest and principal. W'hat is the total amount of interest you would pay over the life ofthe loan'.’ Assum
‘What is the total amount of interest you would pay over the life ofthe loan'.’ ‘1: R'Nm mnnﬁrl rn 111.: ﬂﬁarecf rlnllm W /6\ (lb IM I’ler Exercise Score: 4 oi4 pt; Assignment Score: 30% (12 of4U ptal The Shelby Cobra retatls for $421038 (all taxes included}. llhat are the monthly loan payments for the car iirou make a rlonn payment of $4234. the term 1'52 years and the APR is 10.5%? (Car loan payments are male at the end of  llhat is the amount of the month payment? b 153.20 (Type aoumber to the nearest cent.) (J Lyra) CE} (1) (H) CE} (19] l) I Exercise Score: 4 of 4 pt; Assrgnment Score: 40% (16 of 40 pts) if you buy a factory for 3350.000 and the terms are 20% down the balance to be paid off over 30 years at a 12 percent rate of interest on the unpaid balance what are the 30 equal annual payments? (Round to the 11: ostoso ozosos [email protected]@@@[email protected]®®@ol ExerciseScare: 4 DH pts Assignment Score: 50% [20 of40 pie) 5r  A generous benefactor to the local ballet plans to make a onetime endowment which would provide the ballet with $150,000 per year into perpetuity. The rate of interest is expected to be 5 percent for all future time periods. How large mus
be” VJ, $3,000,000
' $300,000
. $1,428,571
nﬂ@@@@@®®@®ol
Exercise Score: 4 DH pis Assignment Score: 60% (24 oF4D pits) You have just taken out a 30 }.=ear mortgage on your new home for $120,000. This mortgage is to be repaid in 360 equal monthly installments. If the stated (nominal) annual interest rate is 14.1‘5 percent, what is the amount of e:
installments? Round to the nearest whole dollar. $1,313
9 $1,493
$1,440
$1,322 7 Exercise Score: 4 OF 4 pm A. 10—year that provides. a return of?'?»’& has a present value of$15,ﬂﬂﬂ_ 1E.‘L—‘hat are the $1,500.00
v' $2,135.00 $2; 32. 84
32,03 3.02 (1:) D 1
Exercise Score: 4 0H pt; Assignment Score: 80% (32 0F40 pie] Find the present value of a S _\,'ear due ifthe annual payments are $600 and the interest rate is 11%. How much larger is the present value of the due than the present value of the ordinarj $261.32
$229.22
$203.26
V $243.93 o0000000000o Exercise Score: 4 004 pts Assignment Score: 90% (35 oi 40 pts]  Jennifer presents ahusiness plan to her hanh‘s loan ofﬁcer that predicts net cash ﬂows for the ﬁrst three years oi$l0,000, $5,000, and $0,000respec1ivelv. if these cash ﬂovvs occur at the end of each year and the discount rate is 4%, vv
present value of these cash ﬂows? [Round to the nearest whole dollar] V $31,590
$31,114
$29,391 00000000000 /
Exercise Score: 4 of4 pts Assignment Score: 10050 1:40 oi40 pts] 1 Assume that you n10 receive $2,000 a year in Years 1 through 5, $3,000 a vear in Years 0through 0, and 04,000 in Year 9, vvr'th all cash ﬂows to he received at die end ofthe vear. ifvou require a 14 percent rate of return, what is the pres
cash ﬂows? [Ron to the nearest whole dollar) 013,250
09,051
010,353 I] 011711 ...
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 Spring '11
 Dale
 Finance, Time Value Of Money, Annual Percentage Rate, Debt, Interest, Mortgage loan

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