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1. What is the maximum amount of loan Jose Luis can obtain if projected cash flows from his proposed project for the next five years
1. What is the maximum amount of loan Jose Luis can obtain if projected cash flows from his proposed project for the next five years are as follows and the lender is requesting a 12.5% interest rate? Year 1 2 Cash Flow 5,000 5,800 6,900 9,500 12,650 3 4 5 2. What is the monthly debt service payment on Marco's loan if Enrique lends him $15,000 for four years at 8% interest? 3. Tanya is trying to prepare her loan amortization schedule for the renovation of her bed-and- breakfast facility. Her banker is quoting her an interest rate of 12% for four years. The loan amount is $25,000. Prepare the loan amortization schedule. 4. Juan would like to add a shuttle service for his hotel guests to nearby shopping centers. The van has a price tag of $35,000. His bank will give him a loan for $25,000 at only 6% interest, compounded monthly, if Juan pays $10,000 as a down payment. What is Juan's loan amortization schedule for the first five months? 5. What will be the total interest expense that Tanya (exercise 4) and Juan (exercise 5) will have to pay for their loans over the entire term? inmont for his restaurant for $30,000. However, are fter
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