Consider the following timeline detailing a stream of cash flows: Consider the following timeline detailing...
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Consider the following timeline detailing a stream of cash flows: Consider the following timeline detailing a stream of cash flows: If the current market rate of interest is 5%, then the future value (FV) of this stream of cash flows is closest to: $1,500 $1,646 $1,684 $1500 Dakota is borrowing money to buy a car. He can make payments of $250 per month and current interest rates are 12% (APR), how much will he be able to borrow for the car today if he finances the amount over 4 years? $2,074 $9,493 $11,125 $12,000 You are thinking of purchasing a house. The house costs $250,000. You have $66,000 in cash that you can use as a down payment on the house, but you need to borrow the rest of the purchase price. The bank is offering a 30 -year mortgage that requires annual payments and has an interest rate of 3.4% per year. What will be your annual payment if you sign this mortgage? $958 $13,423 $11,490 $9,879
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