What is the present value of the following cash flow today?…

What is the present value of the following cash flow today? Assume an interest rate of 6%.               Year:                  0            1            2             3            4         5             Cash Flow:     -$800     -$300    +$400     +$600    +$600     $500

Your car dealer is willing to make a loan to you for a new c…

Your car dealer is willing to make a loan to you for a new car. The loan terms are monthly payments of $400 for 5 years. The payments are due on the first day of each month starting with the day you sign up for the loan. If your cost of money is 5% APR, how much can you borrow?