Question

Question Completion Status QUESTION 4 Your monthly mortgage payment (principal plus interest) is $1,650. you have a 24-year loan with a fixed interost rate of 0.4 % per month, how much did you borrow from the bank to purchase your house (rounded to the nearest whole dolar)? (Do not enter a dollar sign $ with your answer) 15 points QUESTION 15 points Consider the following sequence of year-end cash flows ΕΟΥ 3 Cash Flow What is the uniform annual equivalent (to the nearest whole dollar) if the interest rate is 10% per year? (Do not enter a dollar sign $ with your anewer) $3,100 $4,000 $4,900 $5.800 $6.700 QUESTION 15 peints Save Anses A company has determined that the price and monthly demand of one of its products are related by the equation D (4000-p)2/3 where p is the price per unit in dollars and D is the monthly demand in units. The associated fixed costs are $775 per month, and the variable costs are $3,980 per unit. What is the optimal number of units (rounded to the next whole number) that should be produced and sold each month? Clese Wincow Save and Submit Save At Aeswer Click Save and Submit to saze and submit. Click Save Al Answers to sae all ansuers

Answer 1

4)Payment monthly=1,650

period over payments are made=24*12=288

rate=0.4 % per month.

Future value FV=0

Amount=pv(rate,period over payments are made,Payment monthly,FV)

         =PV(0.4%,288,1650,0)

Present Value: $281,848.42