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You have just taken out a $24,000 car loan with a 8% APR, compounded monthly. The loan is for five years. When you make your first payment in one month, how much of the payment will go toward the principal of the loan? $ You have just taken out a $24,000 car loan with a 8% APR, compounded monthly. The loan is for five years. When you make your first payment in one month, how much of the payment will go toward interest? You plan to buy a financial product today. You expect that the financial product will give you $150 at the end of first 6 years. Your required rate of return is 8%. What would be fair present value of this financial product? $ You plan to buy a financial product today. You expect that the financial product will give you $300 at the end of first 6 years. If this financial product has an actual market price of $1,500, what is the expected rate of return for this financial product? Should you buy this financial product? lower than 3.4718%, I should not buy The expected rate of return for this financial product is 3.4718%. If my required rate of return i this financial product, otherwise I should buy. The expected rate of return for this financial product is 5.4718%. If my required rate of return is lower than 5.4718%, I should buy this financial product, otherwise I should not buy. The expected rate of return for this financial product is 6.4718%. If my required rate of return is higher than 6.4718%, I should buy this financial product, otherwise I should not buy. higher than 7.4718%, I should buy this The expected rate of return for this financial product is 7.4718%. If my required rate of return financial product, otherwise I should not buy. The expected rate of return for this financial product is 3.4718%. If my required rate of return is higher than 3.4718%, I should buy this financial product, otherwise should not buy

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