Answer the following questions related to Shamrock Inc. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.)

Shamrock Inc. has completed the purchase of new Surface computers. The fair value of the equipment is $471,625. The purchase agreement specifies an immediate down payment of $100,000 and semiannual payments of $24,788 beginning at the end of 6 months for 9 years. What is the interest rate, to the nearest percent, used in discounting this purchase transaction?

Interest rate

enter the semiannual interest rate in percentages

% semiannually

ShamrockInc. has $170,718 to invest. The company is trying to decide between two alternative uses of the funds. One alternative provides $32,000 at the end of each year for 8 years, and the other is to receive a single lump-sum payment of $422,695 at the end of the 8 years. Which alternative should Shamrock select? Assume the interest rate is constant over the entire investment.

select an alternative Alternative TwoAlternative One

Shamrock Inc. wishes to accumulate $1,300,000 by December 31, 2027, to retire bonds outstanding. The company deposits $200,000 on December 31, 2017, which will earn interest at 7% compounded quarterly, to help in the retirement of this debt. In addition, the company wants to know how much should be deposited at the end of each quarter for 7 years to ensure that $1,300,000 is available at the end of 2027. (The quarterly deposits will also earn at a rate of 7%, compounded quarterly.) (Round answer to 0 decimal places, e.g. 458,582.)

Annuity of value of quarterly deposits

$enter the Annuity of value of quarterly deposits in dollars rounded to 0 decimal places

Shamrock loans money to Luck Corporation in the amount of $300,000. Shamrock accepts an 10% note due in 9 years with interest payable semiannually. After 2 years (and receipt of interest for 2 years), Shamrock needs money and therefore sells the note to Denver National Bank, which demands interest on the note of 12% compounded semiannually. What is the amount Shamrock will receive on the sale of the note? (Round answer to 0 decimal places, e.g. 458,581.)

Amount received on sale of note

$enter a dollar Amount received on sale of note rounded to 0 decimal places