Answer the following questions related to Teal Mountain Inc. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Click here to view the factor table. Teal Mountain Inc. has completed the purchase of new Surface computers. The fair value of the equipment is $442,625. The purchase agreement specifies an immediate down payment of $100,000 and semiannual payments of $48,809 beginning at the end of 6 months for 4 years. What is the interest rate, to the nearest percent, used in discounting this purchase transaction? Interest rate 9 % semiannually e Textbook and Media Teal MountainInc. has $412,943 to invest. The company is trying to decide between two alternative uses of the funds. One alternative provides $44,000 at the end of each year for 12 years, and the other is to receive a single lump-sum payment of $830,921 at the end of the 12 years. Which alternative should Teal Mountain select? Assume the interest rate is constant over the entire investment. Alternative One e Textbook and Media Teal Mountain Inc. wishes to accumulate $1,200,000 by December 31, 2027, to retire bonds outstanding. The company deposits $200,000 on December 31, 2017, which will earn interest at 8% 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 10 years to ensure that $1,200,000 is available at the end of 2027. (The quarterly deposits will also earn at a rate of 8%, compounded quarterly.) (Round answer to 0 decimal places, e.g. 458,582.) Annuity of value of quarterly deposits $ e Textbook and Media Teal Mountain loans money to Luck Corporation in the amount of $340,000. Teal Mountain accepts an 10% note due in 4 years with interest payable semiannually. After 2 years and receipt of interest for 2 years), Teal Mountain 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 Teal Mountain will receive on the sale of the note? (Round answer to 0 decimal places, e.g. 458,581.) Amount received on sale of note $ Morgan Kaminski just received a signing bonus of $2,400,000. His plan is to invest this payment in a fund that will earn 6%, compounded annually. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Click here to view the factor table. If Morgan plans to establish the Morgan the Tank Foundation once the fund grows to $3,609,600, how many years until he can establish the foundation? 7 years e Textbook and Media Instead of investing the entire $2,400,000, Morgan invests $580,000 today and plans to make 7 equal annual investments into the fund beginning one year from today. What amount should the payments be to establish the $3,609,600 Morgan the Tank Foundation at the end of 7 years? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Payments $ e Textbook and Media Morgan is investing $45,115 at the end of each year in a fund that earns 9% interest. Click here to view the factor table. In how many years will the fund be at $270,000? (For calculation purposes, use 5 decimal places as displayed in the factor table provided and round final answer to O decimal places, e.g. 15.) Years Answer the following questions related to Teal Mountain Inc. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Click here to view the factor table. Teal Mountain Inc. has completed the purchase of new Surface computers. The fair value of the equipment is $442,625. The purchase agreement specifies an immediate down payment of $100,000 and semiannual payments of $48,809 beginning at the end of 6 months for 4 years. What is the interest rate, to the nearest percent, used in discounting this purchase transaction? Interest rate 9 % semiannually e Textbook and Media Teal MountainInc. has $412,943 to invest. The company is trying to decide between two alternative uses of the funds. One alternative provides $44,000 at the end of each year for 12 years, and the other is to receive a single lump-sum payment of $830,921 at the end of the 12 years. Which alternative should Teal Mountain select? Assume the interest rate is constant over the entire investment. Alternative One e Textbook and Media Teal Mountain Inc. wishes to accumulate $1,200,000 by December 31, 2027, to retire bonds outstanding. The company deposits $200,000 on December 31, 2017, which will earn interest at 8% 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 10 years to ensure that $1,200,000 is available at the end of 2027. (The quarterly deposits will also earn at a rate of 8%, compounded quarterly.) (Round answer to 0 decimal places, e.g. 458,582.) Annuity of value of quarterly deposits $ e Textbook and Media Teal Mountain loans money to Luck Corporation in the amount of $340,000. Teal Mountain accepts an 10% note due in 4 years with interest payable semiannually. After 2 years and receipt of interest for 2 years), Teal Mountain 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 Teal Mountain will receive on the sale of the note? (Round answer to 0 decimal places, e.g. 458,581.) Amount received on sale of note $ Morgan Kaminski just received a signing bonus of $2,400,000. His plan is to invest this payment in a fund that will earn 6%, compounded annually. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Click here to view the factor table. If Morgan plans to establish the Morgan the Tank Foundation once the fund grows to $3,609,600, how many years until he can establish the foundation? 7 years e Textbook and Media Instead of investing the entire $2,400,000, Morgan invests $580,000 today and plans to make 7 equal annual investments into the fund beginning one year from today. What amount should the payments be to establish the $3,609,600 Morgan the Tank Foundation at the end of 7 years? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Payments $ e Textbook and Media Morgan is investing $45,115 at the end of each year in a fund that earns 9% interest. Click here to view the factor table. In how many years will the fund be at $270,000? (For calculation purposes, use 5 decimal places as displayed in the factor table provided and round final answer to O decimal places, e.g. 15.) Years