suppose you want to buy a new car that costs you 11284 OMR by a loan from bank Muscat for 6 years. the bank charges you 4.004 percent on your loan. what is the annual payment should you pay to the bank every year on your loan? Select one: a. 1807.91 b. 2152.84 c. 59144.52 d. 2660.41 e. None of the options

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Q: None

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A: Future value of an amount is calculated as follows:  FV = PV*(1+r)t Where,  FV = Future value of…

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A: Given:

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A: Calculation of installment price = Loan Amount/ PVA(3%,5 years) = 40000/55.6523 = $ 718.74

Q: If you deposit OMR 8854 in your account in a bank. Suppose the bank pays 8% compound interest…

A: future value = present value*(1+rate)^n future value = 8854*1.08^7

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A: A lender is promised $ 100 payment including interest one year from today. Simply stating, A lender…

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Q: You are looking to buy a home in San Marcos. The bank offers you a fifteen-year loan with a 6.0% APR…

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Q: What amount today

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A:

Q: You are interested in buying a new car. The sticker price is $38, 616.00 and you have $3,434.00 to…

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A: Using TVM solver to solve the monthly mortgage payments

Q: Waiting for Answer

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Q: 9.00060.O 0..0H 1- Suppose that you decide to buy a car for $25,767, including taxes and license…

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Q: QUESTION 2 You would like to purchase a home and are interested to find out how much you can borrow.…

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Q: If you deposit OMR 5000 in your account in a bank; if your bank pays 9.05% interest, how much will…

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Q: None

A: Option c: This option is correct. Step 1:We have to calculate the present value of the amount to be…

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