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Author Question: Starting one month from now, you would like to withdraw $200 per month from your bank account to pay ... (Read 91 times)

Themember4

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on: Apr 25, 2021

Question 1

South Penn Tracking is financing a new truck with a loan of $10,000 to be repaid in 5 annual end-of-year installments of $2,504.56. What annual interest rate is the company paying?
◦ 7%
◦ 8%
◦ 9%
◦ 10%
◦ 11%

Question 2

Starting one month from now, you would like to withdraw $200 per month from your bank account to pay for your university education. You expect the education (and the withdrawals) to last for the next four years. If the account pays 0.3% interest per month, how much money must you have in your bank account today to support your future needs?
◦ $8,928.37
◦ $7,157.02
◦ $6,711.11
◦ $8,794.50
◦ $7,263.00
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
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Marked as best answer by Themember4 on Apr 25, 2021

cassie_ragen

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Reply #1 on: Apr 25, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Themember4

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Reply 2 on: Apr 25, 2021
Excellent

at

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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