FIN 370 FIN370 Week 2 Question and Problem Sets Solution (Phoenix) – Online Homework Help

DOWNLOAD: FIN 370 FIN370 Week 2 Question and Problem Sets Solution (Phoenix) – Online Homework Help

FIN 370 Finance For Business Week 2 Question and Problem Sets Answers
For Chapter 6, problem #2, your calculations for part of the problem are off as it should be $30377 and $29007.49 and then $21090.41 and $22459.44. You had part of the calculations correct, so not sure when you went to the different rate how it was off. For problem #20, the payment is $1529.58, so off slightly, but the EAR is 5.96%. In Chapter 7, problem #11, the correct answer should be $4881.80, you do add the cash flows together, but they were off. For Chapter 8, #1, the prices were off by pennies, so be careful when rounding before the end of the problem. I’ll give you credit, but they should have been $35.20, $35.10, and $56.19.

Ch. 5: Questions 3 & 4 (Question and Problems section): Microsoft® Excel® templates provided for Problems 3 and 4

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