Homework answers / question archive / 1)If interest is 7% compounded annually, calculate the future value of four year cash flows of $10,000 in year 1; $20,000 in year 2; $30,000 in year 3 and $40,000 in year 4

1)If interest is 7% compounded annually, calculate the future value of four year cash flows of $10,000 in year 1; $20,000 in year 2; $30,000 in year 3 and $40,000 in year 4

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1)If interest is 7% compounded annually, calculate the future value of four year cash flows of $10,000 in year 1; $20,000 in year 2; $30,000 in year 3 and $40,000 in year 4. Multiple Choice $105,248.43 $107.248.43 $109,248.43 $111,248.43 $113,248.43

2)You just bought a new car for $27,718. The car loan contract specifies that the interest rate on your car loan is 4.5% APR compounded monthly, your down-payment is $2,718, and the term for the loan is 5 years. You must make monthly payments on your loan starting in one month's time. What is the monthly payment? Multiple Choice $5,694.79 $474.57 $466.08 $416.67 ? O $516.75