Verizon 21%+ 3:15 PM a elearning

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Verizon 21%+ 3:15 PM a elearning.wmich.edu Business Finanee (Fin 3200) Assignment 82 10. Mr. Spend has accumulatod credit card loans of $15,000 and is Snding it diffioult to make payments. His local bank has offered him a consolidation loan to payoll all the credit card loans. The loan calls for monthly payments for 10 years and has a nominal interest rate of 5.99% (APR) what will Mr Spends monthly payments be if he takes the loan? $3,000 11. Mr. Carter is planning to buy a home and he expects to borrow $200,000 for that purpose. Currenty 15-yoar mortgage loans are quoted at 5% (APR). Hoexpects to mal e monthly payments towards the loan. Calculabe his monthly payments. What will be the outstanding amount on the loan after making payments for 5 years? Given the following data, calculate the present value of the cash flows (ordinary annuity) in each case Also calculate the present value of the cash flows (annuity due) in each case 12. Given the following data, calculate the future value of the cash ows (ordinary annuilty) in each case. Also calculate the future value of the cash lows (annuity due) in each case. 13. 1200 20 Chuck's new car will cost $20,000. How much will his monthly car payments be if gets a loan for 60 morts, and the nominal interest fato is 7% per year. 14. 15. In order to start a new business, Miss Sue Me intends to borrow $50,000 from a local bank The loan contract requires her to repay the loan in five equal instaliments of $13,870 at the end of each year. Calculate the annual inberest rate on the loan.