NPV HOMEWORK A.docx - TIME VALUE PRACTICE WORK 1 Johnny...

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TIME VALUE PRACTICE WORK 1. Johnny James buys a car and finances $18,000 at 6.00% for 60 months. What are his monthly payments? 2. Peter Jones buys a five year $100,000 CD @ 3.00%. What is the value of that investment at the end of the period, if interest is left to accumulate QUARTERLY? 3. If I finance a $12,000 truck at 4.75% and want to pay $265.00 per month, how many months must I pay on it? 4. If Macon Bank’s CFO buys a $1,000,000 denomination 20 year “
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  • Summer '17
  • Johnny James, Macon Bank’s CFO

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