Question

The
store where you bought new furniture offers two payment plans.
First plan is immediate payment of $4500 up front. Second requires
monthly payments of $137.41 payable at the end of the month for
3yrs. If you choose monthly payments what nominal annual interest
rate are you paying?

Answer #1

**As nothing was mentioned excel is used.**

Suppose you want to buy a new set of furniture at a store, which
offers you a monthly installment plan but requires that you make
the first payment on the day you make the purchase. The entire
furniture set costs $9,200. The loan period is for 5 years, and the
interest rate is 19.99% compounded monthly. What are the monthly
payments?

A store offers two payment plans. Under the installment plan,
you pay 25% down and 25% of the purchase price in each of the next
3 years. If you pay the entire bill immediately, you can take a
discount of 5% from the purchase price. Assume the product sells
for $100.
1. Calculate the present value of the payments if you can borrow
or lend funds at an interest rate of 3 percent.
PV of installment plan:$ _________________
a. Which...

A store offers two payment plans. Under the installment plan,
you pay 25% down and 25% of the purchase price in each of the next
3 years. If you pay the entire bill immediately, you can take a
discount of 8% from the purchase price. Assume the product sells
for $100.
a-1. Calculate the present value of the
payments if you can borrow or lend funds at an interest rate of 5
percent. (Do not round intermediate calculations. Round
your...

Your financial planner offers you two different investment
plans. Plan X is a $14,000 annual perpetuity. Plan Y is an annuity
lasting 13 years and an annual payment, $20,000. Both plans will
make their first payment one year from today. At what discount rate
would you be indifferent between these two plans?

the difference between two different loan plans is 101,525.598.
the first plan is infinite annual end-period equal payments, while
the second plan is the same end-period but payable in 24 years.
what is the amount of the equal payments if it is the same in both
plans and interest is computed at 10% compounded annually
Please Solve As soon as
Solve quickly I get you UPVOTE directly
Thank's
Abdul-Rahim Taysir

Your financial planner offers you two different investment
plans. Plan X is a $20,000 annual perpetuity. Plan Y is a 10-year,
$34,000 annual annuity. Both plans will make their first payment
one year from today. At what discount rate would you be indifferent
between these two plans?

your financial planner offers you two different investment
plans. plan x is a 25000 annual perpetuity. plan y is a 10 year
51000 annual annunity. both plans will make their first payment one
year from today. at what discount rate would you be indifferent
between these two plans?

You wish to buy a $10,500 dining room set. The furniture store
offers you a 2-year loan with an APR of 10.8 percent. What are the
monthly payments? (Do not round intermediate calculations and round
your final answer to 2 decimal places.)
How would the payment differ if you paid interest only?

You've just bought a new flat-screen TV for 4,000 and the store
you bought it from offers to let you finance the entire purchase at
an annual rate of 14 percent compounded monthly. If you take the
financing and make monthly payments of $120, how long will it take
to pay off the loan? How much will you pay in interest over the
life of the loan?

You've just bought a new flat-screen TV for
$2,800
and the store you bought it from offers to let you finance the
entire purchase at an annual rate of
12
percent compounded monthly. If you take the financing and make
monthly payments of
$90,
how long will it take to pay off the loan? How much will you
pay in interest over the life of the loan?

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