What will your monthly payments be what is the effective


1. What is the future value of $1,345 in 16 years assuming an interest rate of 8.4% compounded semiannually?

2. An investment will pay you $65,000 in nine years. If the appropriate discount rate 5.5% compounded daily, whar is the present value?

3. You want to buy a new sports coupe for $73,400 and the finance office at the dealership quoted you a loan with an APR of 5.1 percent for 60 months to buy the car. What will your monthly payments be? What is the effective annual rate on this loan?

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Financial Management: What will your monthly payments be what is the effective
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