In: Finance
Please answer within the hour
4.) Find the Effective Interest Rate for the Stated Rate of 0.05 compounded 11 times per year. (Write Down your answer with 5 decimal places, Ex. if the Effective rate is 3.294%, your answer should be 0.03294.)
5.)What would be the monthly payment on a 3 year loan of $37,967 if the interest rate is 0.06 compounded monthly?(Remember, as an example 5.00% equals 0.0500)
6.)A new project is estimated to cost $40,263, its expected net cash flows are $14,323 per year for 8 years, and you have an expected return of 13 Percent. What is the present value of the cash flows?