Question 2
8 pts
What is the NPV of $3,000 received in 1 year, 4,000 received in 2 years, 6,000 received in 3 years when the
interest rate is 7%?
$11,926.61
$11,195.28
$10,752.11
$10,970.13
Question 3
8 pts
Consider the financing of a $30,000 car over 5 years with monthly payments based on an APR of 6%. What is
the monthly payment?
$617.13
$483.32
$579.98
$704.55