Question
Bianca took out a loan from the bank today for X. She plans to repay this loan by making payments of 44,283 dollars per month
Bianca took out a loan from the bank today for X. She plans to repay this loan by making payments of 44,283 dollars per month for a certain amount of time. If the interest rate on the loan is 1.35 percent per month, she makes her first payment of 44,283 dollars later today, and she makes her final monthly payment of 44,283 dollars in 4 months, then what is X, the amount of the loan?
Jabari owns a pet care center that has a cost of capital of 10.82 percent. The pet care center is expected to produce annual cash flows of 18,402 dollars for 8 years. The first annual cash flow of 18,402 dollars is expected later today. In addition to the annual cash flows of 18,402 dollars, the pet care center is also expected to produce a special, one-time cash flow of 59,595 dollars in 3 years from today. How much is Jabaris pet care center worth?
A race track is expected to produce regular annual cash flows of 58,396 dollars with the first regular cash flow expected later today and the last regular cash flow expected in 9 years from today. In addition to the regular cash flows of 58,396 dollars, the race track is also expected to produce an extra cash flow of 82,287 dollars in 9 years from today. The cost of capital for the race track is 3.76 percent. What is the value of the race track?
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