You purchase a $1,152,000 lake house and made a down-payment of $658,000. If you were to use the tvm solver to determine the monthy payment, what values would you enter for PV and FV?

An automobile is "priced" at $7,540. A buyer may purchase the car for $7,040 now or, alternatively, the buyer can make a down payment of $940 now and pay the remaining $6,600 in 8 equal quarterly payments (over 2 years) at 8% compounded quarterly. Click here to access the TVM Factor Table Calculator For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 2 decimal places, e.g. 52.75. The absolute tolerance is ±0.01 Part a Calculate the PW of the down payment and 8 quarterly payments. The buyer's TVOM is 10% per year compounded quarterly. Part b What is the effective annual interest rate at which these two payment options are equivalent? ieff= %

Hh2. Account

You have entered into an agreement for the purchase of land. The agreement specifies that you will take ownership of the land immediately. You have agreed to pay $50,000 today and another $50,000 in three years. Calculate the total cost of the land today, assuming a discount rate of (a) 5%, (b) 7 %, or (c) 9%. Note: Use tables, Excel, or a financial calculator. Round your answers to 2 decimal places. (FV of $1, PV of $1, FVA of $1, and PVA of $1) a. b. C. Payment Amount $ 50,000 50,000 50,000 Interest Rate 7 5% 7% 9% Answer is complete but not entirely correct. Compounding Annually Annually Annually Period Due 3 years 3 years 3 years $ Total Cost of Land Today 93,121.25 X 90,816.30✔ 88,617.30