Present and future values of a cash flow stream-what is its, Financial Management

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Present and future values of a cash flow stream-what is its

1. To purchase a new car, you borrow $29,000 for 10 years at the rate of interest of 7% APR compounded monthly, and you make monthly car payments. How much interest do you pay on the 8th payment

2. PRESENT AND FUTURE VALUES OF A CASH FLOW STREAM-An investment will pay $150 at the end of each of the next 3 years, $250 at the end of Year 4, $300 at the end of Year 5, and $500 at the end of Year 6. If other investments of equal risk earn 11% annually, what is its present value? Its future value?

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