Dr Nick

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About Dr Nick

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Art & Design,Computer Science See all
Art & Design,Computer Science,Engineering,Information Systems,Programming Hide all
Teaching Since: May 2017
Last Sign in: 340 Weeks Ago, 1 Day Ago
Questions Answered: 19234
Tutorials Posted: 19224

Education

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

Experience

  • Professor
    University of Santo Tomas
    Aug-2006 - Present

Category > Business & Finance Posted 17 Jul 2017 My Price 12.00

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

Question 5 

A car dealership offers you no money down on a new car. You may pay for the car for 5 years by equal monthly end-of-the-month payments of $461 each, with the first payment to be made one month from today. If the discount annual rate is 16.04 percent compounded monthly, what is the present value of the car payments?

Round the answer to two decimal places.

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

Finance 330

Answers

Dr Nick
(4)
Status NEW Posted 17 Jul 2017 03:07 PM My Price 12.00

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