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: 339 Weeks Ago, 5 Days Ago
Questions Answered: 19234
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Education

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

Experience

  • Professor
    University of Santo Tomas
    Aug-2006 - Present

Category > Business & Finance Posted 18 Jul 2017 My Price 15.00

the answer to two decimal places.

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 18 Jul 2017 06:07 AM My Price 15.00

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