A 42000 new car loan is taken out with the terms 9 apr for, Financial Management

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A 42000 new car loan is taken out with the terms 9 apr for

1. A $42,000 new car loan is taken out with the terms 9 % APR for 48 months. How much are monthly payments on this loan?

A. $1,254.21

B. $1,358.72

C. $1,149.69

D. $1,045.17

2. NoGrowth Industries presently pays an annual dividend of $1.80per share and it is expected that these dividend payments will continue indefinitely. If NoGrowth's equity cost of capital is 9 %,then the value of a share of NoGrowth's stock is closest? to:

A. $24

B. $22

C. $20

D. $16

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