Finance Help! 3 questions
posted by Jimmy B .
Hi, i was wondering if someone could please help me with these 3 finance questions. it would be must appreciated
1. you receive payments of 1000 dollars every 8 montsh for the next 9 years. the first payment will occur 8 months from today. there will be a total of 12 payments. what is the present value of this investment. the required rate of return is 10% compounded annually.
2. you are surprised to learn that your mom bought a new car today. she has to make 48 monthly payments of 800$, and the first payment is due today. if the interst rate is 7% compounded quarterly, what is the price of the car?
3. your sister wants to purchase an investment that will pay her 500$ every 3 months for the next 10 yrs. the first payment will be made 3 months from today. If your sister requires a rate of return of 8% compounded monthly what should she expect to pay for the investment?
1. If the no of level investments be ‘t’, total no of level instalments be ‘n’ and total charge for
credit be ‘c’ then the interest rebate is given by…………………………………………