Dr Nick

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About Dr Nick

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  • MBA (IT), PHD
    Kaplan University
    Apr-2009 - Mar-2014

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  • Professor
    University of Santo Tomas
    Aug-2006 - Present

Category > Business & Finance Posted 17 Sep 2017 My Price 14.00

A car dealership offers you no money down on a new car.

Homework #3B (FV and PV of annuity non-annually) 

Finance

Question 5 (1 point)

 

A car dealership offers you no money down on a new car. You may pay for the car for 3 years by equal monthly end-of-the-month payments of $445 each, with the first payment to be made one month from today. If the discount annual rate is 12.95 percent compounded monthly, what is the present value of the car payments?

Round the answer to two decimal places.

 

Answers

Dr Nick
(4)
Status NEW Posted 17 Sep 2017 05:09 AM My Price 14.00

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