Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Calculate APR by table lookup (to nearest hundredth percent):
| Purchase Price |
Down Payment |
Number of monthly payment |
Amount financed |
Total Payments | ||||||||||
| $1,800 | 100 | 20 | $1,700 | 1900 | $ | 0 | ||||||||
Transcribed Image Text:ANMU AL PERCENTAGE RATE
251 12.501 12.151 13.004 13.25年 13.50年 13.7st
0.758 11.00
AMOUNT
19.40 19.9
21.74 22.
14.
26.51 27.2
37.41
18.13
te: For a more detoled set of tables from 2% to 21.759
3953 33535558 1233 3352 る
主
-2 g ニ2さ 2ニ 8 2 2 需 2 ま 252$8 2 S
Transcribed Image Text:TABLE 14.1
(concluded
NUBER
ANNUAL PERCENTAGE RATE
.00* 14.25% 14.5os 14.75E 15.001 15s.251 15.501 15.75t 16.00t 16.2
7.25% 17.501 I7.75
IFINANCE CHARGE PER S100 OF AM
15.31 35.0
14, 46
19.13 14, 75 40, 17
41.55 47,20
44.47 45.18 45.90
47.n2 47.77
44.54 47.32 48. 00
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