A few snagging me up
Wally, president of Wally's Burgers, is considering franchising. He has a potential franchise agreement that would allow him to receive 18 end-of-year payments starting one year from now. The first two payments would be $27,000 and $24,000 in one and two years respectively, and then 316,000 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.) 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 14.5%? (Car loan payments are made at the end of each month.) What is the amount of the monthly payment? $|:| (Type a number to the nearest cent.) A Hummer H3 sells for $98,000 tax included. GMAC lends money at the rate of 6.4% APR If you buy the car and borrow through GMAC, then what are the monthly (end-of-month) payments for a 6-year term? What is the amount of the monthly payment? $|:| (Round to the nearest cent.) Uriah Heep celebrated his 18th birthday by opening a savings account at the Thames River Bank and depositing $4,500. He continued to deposit the same amount on every subsequent birthday until he was 29 years old. After depositing 84,500 on his 29th 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 14%. \\Vhen 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? $D (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 lump-sum payment 015170 three years from today. What rate of return are you earning on the loan? What rate of return are you earning on the loan? |:|% (Round to two decimal places.)