Answer is in bold. Need to know
how to work the problem. Thanks!
Homework Answers
It is a repayment plan so the PV of all future payments must equal the total amount of loan taken. Let the amount to be repaid each year be x. The rate of interest is as given in the question.
Final answer is $1349.46
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Answer is in bold. Need to know how to work the problem. Thanks! Problem 6 10 points Create a valid repayment plan for a...
Answer is in bold. Need to know how to work the problem. Thanks! Problem 3 A...
Answer is in bold. Need to know
how to work the problem. Thanks!
Problem 3 A city is evaluating a proposal to erect and operate a parking facility in its downtown area. Three designs on available sites have been identified. The costs and benefits are indicated below, where all dollars are in thousands. If the city's discount rate is 10 %, which design (if any) should be selected on the basis of a B/C analysis? Choose 1 Design 3 $200...
Answer is in bold. Need to know how to work the problem. Thanks! Problem 5 15...
Answer is in bold. Need to know
how to work the problem. Thanks!
Problem 5 15 points Your lawn care service is considering two commercial mowers for purchase, as indicated below. Assume that you can replace each machine with identical equipment at the end of their useful lives. If your MARR is 12%, which mower would you choose? Purchase Price Net Annual Revenues Salvage Value Useful Life Small $2,000 $1,000 $500 5 years Large $5,000 $1,500 $700 10 years PW(small)...
Answer is in bold. Need to know how to work the problem. Thanks! Problem 2 Four...
Answer is in bold. Need to know
how to work the problem. Thanks!
Problem 2 Four mutually exclusive alternatives, each with a useful life of 20 years, have been presented to the city council. Using a benefit-cost ratio analysis and MARR = 6%, which alternative would you recommend? The “do nothing” alternative is an option. Choose 1 I Initial Cost Annual Costs Annual Benefits B/C ratio Mutually Exclusive Alternatives 1 I 2 I 3 I 4 $4000 $8200 $5500 1...
MODEL 6:LOAN AMOTIZATION TABLE FOR CHANGING INTEREST RATE The Problem Create a model to produce an...
MODEL 6:LOAN AMOTIZATION TABLE FOR CHANGING INTEREST RATE The Problem Create a model to produce an amortization table for a variable rate loan for which the interest rate can change in two steps over its life, that is, the loan life is broken down into three interest rate periods with different interest rates specified for the three periods. The loan is to be repaid in equal annual instalments over its life and the first payment is to be made at...
Need to know how to solve these. 27. Adam borrows $4,500 a installments. The actual end-of-year...
Need to know how to solve these.
27. Adam borrows $4,500 a installments. The actual end-of-year payment is t 12 percent annually compounded interest to be repaid in four equal annual . A. $1,482 B. $2,641 C. $1,125 D. $ 942 30. What is the rate of return on an investment of S16,278 if year for the next 10 years? A. 3 percent B. 8 percent C. 18 percent the company expects to receive $3,000 per D. 13 percent 34....
PLEASE PROVIDE THERE ARE 3 QUESTIONS. NEED HELP WITH ALL 3 QUESTIONS. Princess Leia borrows 500,000...
PLEASE PROVIDE THERE ARE 3 QUESTIONS. NEED HELP WITH
ALL 3 QUESTIONS.
Princess Leia borrows 500,000 for 20 years at a 6% annual effective interest rate. Her annual payments are 15,000 for the first 10 years and P for the second 10 years. 1. a. Find the outstanding balance at time 10 (hint: you don't need P to calculate this value) What is the special term used to describe the interest over the first 10 years demonstrated in the problem?...
Solve each problem and show your work clearly 1. You plan to borrow $100,000 at 10%,...
Solve each problem and show your work clearly 1. You plan to borrow $100,000 at 10%, compounded annually with payments at the end of each year. The length of the loan is 10 years. How big should your annual payments be? 2.A friend has asked for your help in determining whether she should invest in a property. She tells you that the property will have annual cash flows of $1,000 during the first two years and will increase by $200...
** Please read the bold statement after the question, I have the answers, but I need...
** Please read the bold statement after the question, I have the
answers, but I need to make sure they are correct. Thanks**
#1 Using a spreadsheet application, create an amortization
schedule for a 30 year, fixed rate (4.58%) $200k loan. Answer the
following: what is the monthly payment? how much total interest
will you pay? Print out enough of your spreadsheet to defend your
work and answers.
Assume that you took the loan in #1 and paid your monthly...
PLEASE ANSWER THIS TWO QUESTION THANK YOU Different compounding periods, are used for different types of...
PLEASE ANSWER THIS TWO QUESTION
THANK YOU
Different compounding periods, are used for different types of investments. In order to properly compare investments or loans with different compounding periods, we need to put them on a common basis. In order to do this, you need to understand the difference between the nominal interest rate (INOM) and the effective annual rate (EAR). The nominal interest rate is quoted by borrowers and lenders, and it is also called the annual percentage rate...
An amount of $15,000 is borrowed from the bank at an annual interest rate 12% h...
An amount of $15,000 is borrowed from the bank at an annual interest rate 12% h Calculate the repavment amounts if the loan ($15 000) will be repaid in two equal installments of $7.500 each, paid at the end of second and fourth years respectively. Interest will be paid each year Click the icon to view the interest and annuity table for discrete compounding when i- 12%% per year . a. The equal end-of-year payments required to pay off the...
Answer is in bold. Need to know
how to work the problem. Thanks!
Problem 3 A city is evaluating a proposal to erect and operate a parking facility in its downtown area. Three designs on available sites have been identified. The costs and benefits are indicated below, where all dollars are in thousands. If the city's discount rate is 10 %, which design (if any) should be selected on the basis of a B/C analysis? Choose 1 Design 3 $200...
Answer is in bold. Need to know
how to work the problem. Thanks!
Problem 5 15 points Your lawn care service is considering two commercial mowers for purchase, as indicated below. Assume that you can replace each machine with identical equipment at the end of their useful lives. If your MARR is 12%, which mower would you choose? Purchase Price Net Annual Revenues Salvage Value Useful Life Small $2,000 $1,000 $500 5 years Large $5,000 $1,500 $700 10 years PW(small)...
Answer is in bold. Need to know
how to work the problem. Thanks!
Problem 2 Four mutually exclusive alternatives, each with a useful life of 20 years, have been presented to the city council. Using a benefit-cost ratio analysis and MARR = 6%, which alternative would you recommend? The “do nothing” alternative is an option. Choose 1 I Initial Cost Annual Costs Annual Benefits B/C ratio Mutually Exclusive Alternatives 1 I 2 I 3 I 4 $4000 $8200 $5500 1...
MODEL 6:LOAN AMOTIZATION TABLE FOR CHANGING INTEREST RATE The Problem Create a model to produce an amortization table for a variable rate loan for which the interest rate can change in two steps over its life, that is, the loan life is broken down into three interest rate periods with different interest rates specified for the three periods. The loan is to be repaid in equal annual instalments over its life and the first payment is to be made at...
Need to know how to solve these.
27. Adam borrows $4,500 a installments. The actual end-of-year payment is t 12 percent annually compounded interest to be repaid in four equal annual . A. $1,482 B. $2,641 C. $1,125 D. $ 942 30. What is the rate of return on an investment of S16,278 if year for the next 10 years? A. 3 percent B. 8 percent C. 18 percent the company expects to receive $3,000 per D. 13 percent 34....
PLEASE PROVIDE THERE ARE 3 QUESTIONS. NEED HELP WITH
ALL 3 QUESTIONS.
Princess Leia borrows 500,000 for 20 years at a 6% annual effective interest rate. Her annual payments are 15,000 for the first 10 years and P for the second 10 years. 1. a. Find the outstanding balance at time 10 (hint: you don't need P to calculate this value) What is the special term used to describe the interest over the first 10 years demonstrated in the problem?...
** Please read the bold statement after the question, I have the
answers, but I need to make sure they are correct. Thanks**
#1 Using a spreadsheet application, create an amortization
schedule for a 30 year, fixed rate (4.58%) $200k loan. Answer the
following: what is the monthly payment? how much total interest
will you pay? Print out enough of your spreadsheet to defend your
work and answers.
Assume that you took the loan in #1 and paid your monthly...
PLEASE ANSWER THIS TWO QUESTION
THANK YOU
Different compounding periods, are used for different types of investments. In order to properly compare investments or loans with different compounding periods, we need to put them on a common basis. In order to do this, you need to understand the difference between the nominal interest rate (INOM) and the effective annual rate (EAR). The nominal interest rate is quoted by borrowers and lenders, and it is also called the annual percentage rate...
An amount of $15,000 is borrowed from the bank at an annual interest rate 12% h Calculate the repavment amounts if the loan ($15 000) will be repaid in two equal installments of $7.500 each, paid at the end of second and fourth years respectively. Interest will be paid each year Click the icon to view the interest and annuity table for discrete compounding when i- 12%% per year . a. The equal end-of-year payments required to pay off the...
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