i need accurate answer. make sure (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Automotive Excellence Inc. borrowed $18,000.00 on March 4 with an interest rate of 8.8% per annum. On June 1, $5000.00 was repaid, and on August 16, $5100.00 was repaid. Automotive Excellence paid the balance of the loanon October 3. What was the final payment?The final payment was $(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

We need to compute loan balance as on October 3 to determine the final payment.

Automotive Excellence Inc. borrowed $18,000.00 on March 4 with an interest rate of 8.8% per annum. On June 1, $5000.00 was repaid, and on August 16, S5100.00 was repaid. Automotive Excellence paid the balance of the loan on October 3. What was the final payment? The final payment was $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Automotive Excellence Inc. borrowed $18,000.00 on March 4 with an interest rate of 8.8% per annum. On June 1, $5000.00 was repaid, and on August 16, S5100.00 was repaid. Automotive Excellence paid the balance of the loan on October 3. What was the final payment? The final payment was $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Interest rates or discount rates. Fill in the interest rates for the following table, , using one of the three methods below: FV a. Use the interest rate formula, r= PV - 1. b. Use the TVM keys from a calculator. c. Use the TVM function in a spreadsheet. Present Value Future Value Number of Periods Interest Rate 529.63 5 1,884.87 20 6.55 % (Round to two decimal places.) $17 207.92 $223,893.69 40 % (Round to two decimal places.)
Using a spreadsheet generate your own set of Discount and AnnuityTables for, say, all discount rates between 1% and 20% (at 1 percentagepoint intervals) and for time periods 1 to 30 (at one time periodintervals), as well as time periods 50 and 100. You should generate thesetables by inserting the numbers for the time periods in the first columnof each row and the discount rates in the first row of each column, andthen inserting the appropriate formula into one cell of the table – year 1at 1% - and then copying it to all other cells in the matrix. (Hint: Do notforget to anchor the references to periods and discount rates using the“$” symbol.)Answer: Write the discount formula into spreadsheet as shown below and then copyacross 20 columns (headed 1% through 20%) and down 50 rows (headed 1 to 50).
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Please answer this and kindly show the solution using microsoft excel or google sheets.I'll give you a like. Thank you!
Sheffield Corp. is considering purchasing one of two new diagnostic machines. Either machine would make it possible for the company to bid on jobs that it currently isn't equipped to do. Estimates regarding each machine are provided below. Original cost Estimated life Salvage value Estimated annual cash inflows Estimated annual cash outflows Machine A $74,600 8 years 0 $20,400 $5,130 Machine B $182,000 8 years 0 $39.900 $9,880
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a. If the present value of $153 is $139, what is the discount factor? (Round your answer to 4 decimal places.) Discount Factor 0.9084 b. If that $153 is received in year 5, what is the interest rate? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Interest rate %
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