تم الحل ✓
categoryتمويل ومصارف
schoolبكالوريوس
event_available2026-07-13
السؤال
Transcribed Image Text:
6. At the end of each year, a worker invests $2,000 into an account the draws 4% interest. The
worker makes every payment for the next 30 years except for the payment at the end of year
10. That is, no money is invested at the end of year 10. How much money will be in the
account at the end of the 30 years?
a) $107,788
b) $108,568
c)
$109,209
d)
$112,170
7. A car dealer is offering to a buyer one of two incentives: zero percent financing or $3,000 cas
back. If the car price (before the incentives) is $25,000, find the following to compare the two
options in terms of monthly payments.
a. Financing through the dealer - Find the monthly payment to the car dealer for a $25,000
loan at zero percent interest for 5 years.
b. Financing through a bank - Find the monthly payment to a bank for a 5 year loan at 6%
when the buyer finances the $22,000 cost through a bank (i.e. the buyer takes the $3,000
cash back incentive).
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