Question
A movie is expected to produce cash flows of 26,600 dollars per month with the first monthly cash flow expected later today and the last
A movie is expected to produce cash flows of 26,600 dollars per month with the first monthly cash flow expected later today and the last monthly cash flow expected in 5 months from today. The cost of capital for the movie is 22.44 percent per year. What is the value of the movie?
Holly just borrowed 137,598 dollars from the bank. She plans to repay this loan by making equal quarterly payments for 10 years. If the interest rate on the loan is 7.8 percent per year and she makes her first quarterly payment in 3 months from today, then how much must Holly pay to the bank each quarter?
Kaka just borrowed $4,630 from the bank. He plans to repay this loan by making equal semi-annual payments for 24 half years. If the interest rate on the loan is 5.46 percent per year and he makes his first semi-annual payment later today, then how much must Kaka pay to the bank each half year?
Yu-Na must borrow $657 from the bank to pay her phone bill. She plans to repay this loan by making monthly payments to the bank of $31 per month. If the annual interest rate on the loan is 10.68 percent and she makes her first $31 payment in 1 month from today, then how many payments must Yu-Na make? Round your answer to 2 decimal places (for example, 2.89, 14.70, or 6.00).
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