I need to answer these questions please The cash flows in the following diagram

Question

I need to answer these questions please

The cash flows in the following diagram have a present value of 0. Compute the value of R assuming an 8% interest rate. Find the number of periods, n, that will result in the following cash flow diagram having a present value of 0 if the interest rate is 5.5% You went to Lujack's to buy a new car. The price of the car after fierce negotiation, is $22,050, the sales tax is 5% and the tax, title and registration fee is $850 to be paid in cash. Rather than buy the car now, you decide to save money by depositing equal monthly amounts for 48 months and then pay cash for the car. If you earn 0.5% interest per month interest on the money you save how much money do you need to deposit each of the 48 months. Assume that there is no inflation and all costs, fees and taxes for the car will not increase or decrease.

Explanation / Answer

Related Questions

Navigate

• Browse (All)
• Browse I
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.