What is the present value of the annuity

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1) What is the present value of a $536 perpetuity discounted back to the present at 11.92 percent. the answer should be calculated to decimal places

2) What is the present value of the following annuity? $4,848 every half year at the end of the period for the next 6 years, discounted back to the present 18.69 percent per year, compounded semiannually. round answer to two decimal places.

3) You plan to apply for a loan from Bank of America. The nominal interest rate for this loan is 9.56 percent, compounded daily (with a 365 day per year.) What is the effective annual rate (EAR) annual percentage yield, of this loan? Round to two decimal places in percentage form.

4) A commercial bank will loan you $45,559 for 6 years to buy a car. The loan must be repaid in equal monthly payments at the end of the month. The annual interest rate on the loan is 17.66 percent of the unpaid balance. What is the amount of the monthly payments?Round the answer to two decimal places.

Reference no: EM131341377

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