A few questions I am stuck on...
Uriah Heep celebrated his 18th birthday by opening a savings account at the Thames River Bank and depositing $2,600. He continued to deposit the same amount on every subsequent birthday until he was 28 years old. Aer depositing 82,600 on his 28th birthday Uriah decided to abandon his savings plan. He never saved again, but he left the accumulated savings in the bank account. The bank paid an interest rate of 8%. When Uriah turned 65, he withdrew the money from the bank. What was the amount of his withdrawal? What was the amount of Uriah's withdrawal when he turned 65? $l: (Round to the nearest cent.) Jed wants to borrow $1,000 from you. He is proposing to repay you with three annual payments of $288.41 starting immediately. In addition, he will make a nal lumpsum payment of $1 70 three years from today. What rate of return are you earning on the loan? What rate Of return are YOU earning on the loan? D% (Round to two decimal places.) The Shelby Cobra retails for $46,821 (all taxes included). What are the monthly loan payments for the car if you make a down payment of $4,263, the term is 5 years and the APR is 145%? (Car loan payments are made at the end of each month.) What is the amount of the monthly payment? $E| (Type a number to the nearest cent.) Wally, president of Wally's Burgers, is considering franchising. He has a potential franchise agreement that would allow him to receive 13 end-ofyear payments starting one year from now. The rst two payments would be $27,000 and $24,000 in one and two years respectively, and then 816,000 per year after that for 16 years. IfWally requires a return of 9.8%, what is the present value of this stream of cash ows? What is the present value of this stream of cash ows? $D (Round to the nearest cent.) In the following case, the mixed end-ofperiod cash ow stream has an annuity embedded within it. Calculate the present value of the cash ow stream, assuming a 7% discount rate. Year Cash Flow Eli 1 $6,000 2 $3,000 3 $5,000 4 $5,000 5 $5,000 0 $5,000 7 $8,000 Drona-n9 \\lalun IS] = What is the present value of this stream of cash ows? $I: (Round to the nearest cent.)