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  3. 29. a new car costs $80,000. a customer has been

29. A new car costs $80,000. A customer has been offered the following terms...

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Finance

29. A new car costs $80,000. A customer has been offered the following terms on a car loan: 8% interest on a five year loan with monthly car payments.
Determine the monthly car payment on the loan?
30. A stock is expected to pay a dividend of $4 and the dividend is expected to grow at 6%. If the required rate of return is 10%, what is the maximum that should be paid for the stock today?
31. A stock is expected to pay a dividend of $4 and the dividend is expected to grow at 6%. If the investor paid $50 for the stock today, what is the expected rate of return on the stock?
=4(1+0.06)=4.24$
32. A stock just paid a dividend of $4 and the dividend is expected to grow at 6%. If the investor paid $50 for the stock today, what is the expected rate of return on the stock?

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