You took out a loan to buy a new car. The monthly interest rate on the...

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You took out a loan to buy a new car. The monthly interest rateon the loan is 1%. You have to pay $270 every month for 60months.
Attempt 1/5 for 8 pts. Part 1 What is the present value of thecash flows if it's an ordinary annuity?
Attempt 1/5 for 8 pts. Part 2 What is the future value of thecash flows if it's an ordinary annuity?
Attempt 1/5 for 10 pts. Part 3 What is the present value of thecash flows if it's an annuity due?
Attempt 1/5 for 8 pts. Part 4 What is the future value of thecash flows if it's an annuity due?
You just turned 21 years old and want to retire when you turn65. You plan to put $4,700 every year into a ROTH IRA, a retirementaccount from which you can withdraw money after retirement withouthaving to pay any taxes. You expect to earn a return of 6% on yourinvestments every year.
How much money can you expect to have at age 65 if you make yourfirst deposit now and your last one on the day you turn 64?
You took out some student loans in college and now owe $12,000.You consolidated the loans into one amortizing loan, which has anannual interest rate of 4% (APR).
If you make monthly payments of $200, how many months will ittake to pay off the loan? Fractional values are acceptable.

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You took out a loan to buy a new car. The monthly interest rateon the loan is 1%. You have to pay $270 every month for 60months.Attempt 1/5 for 8 pts. Part 1 What is the present value of thecash flows if it's an ordinary annuity?Attempt 1/5 for 8 pts. Part 2 What is the future value of thecash flows if it's an ordinary annuity?Attempt 1/5 for 10 pts. Part 3 What is the present value of thecash flows if it's an annuity due?Attempt 1/5 for 8 pts. Part 4 What is the future value of thecash flows if it's an annuity due?You just turned 21 years old and want to retire when you turn65. You plan to put $4,700 every year into a ROTH IRA, a retirementaccount from which you can withdraw money after retirement withouthaving to pay any taxes. You expect to earn a return of 6% on yourinvestments every year.How much money can you expect to have at age 65 if you make yourfirst deposit now and your last one on the day you turn 64?You took out some student loans in college and now owe $12,000.You consolidated the loans into one amortizing loan, which has anannual interest rate of 4% (APR).If you make monthly payments of $200, how many months will ittake to pay off the loan? Fractional values are acceptable.