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You are buying a previously owned car today at a price of$9,470. You are paying $800 down in cash and financing the balancefor 36 months at 7.8 percent, compounded monthly. What is yourmonthly payment amount?A.$332.95B.$239.46C.$258.02D.$270.89Ghanata Oil has a well that will produce an annual cash flow of$236 million next year. The cash flow is expected to increase by3.5 percent per year indefinitely. What is the well worth today ifthe discount rate is 15 percent?A.$2,052 millionB.$1,725 millionC.$899 millionD.$1,573 millionA 10-year loan in the amount of $527,000 is to be repaid inequal annual payments. What is the remaining principal balanceafter the sixth payment if the interest rate is 5 percent,compounded annually?A.$242,007B.$282,310C.$346,410D.$299,540You are given that the present value of the cash flow shownbelow is $43,800. Determine the mission cash flow if the discountrate is 11 percent.YearCash Flow1$10,8002$10,8003$10,8004?????5$15,000