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FNCE 113 Introduction to Quantitative Decis (1)
Lea-Shell Lawson & | 11/29/19 6:13 AM
Quiz: Ch 12 Ordinary General Annuities - Finding the FV
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This Question: 3 pts
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This Quiz: 28 pts possible
Langara Woodcraft borrowed money to purchase equipment. The loan is repaid by making payments of $998.32 at the end of every month over ten years, If interest is 4 1% compounded quarterly, what was the original loan
balance?
The original loan balance was s
(Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed
Enter your answer in the answer box

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FNCE 113 Introduction to Quantitative Decis (1)
Lea-Shell Lawson & | 11/29/19 6:13 AM
Quiz: Ch 12 Ordinary General Annuities - Finding the FV
Submit Quiz
This Question: 4 pts
6 of 9 (0 complete)
This Quiz: 28 pts possible
A property was purchased for $5699 00 down and payments of $931 00 at the end of every month for 4 years Interest is 10%% per annum compounded annually What was the purchase price of the property? How much is the cost of
financing?
The purchase price of the property was $
Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed
The cost of financing is s
Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed

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