Question
BioElectroMechanical systems is a startup company with high potential and little available cash. They obtain $500000 for necessary technology from a venture capitalist who charges
BioElectroMechanical systems is a startup company with high potential and little available cash. They obtain $500000 for necessary technology from a venture capitalist who charges the 10% compounded monthly. The agreement calls for no payment until the end of the first month of the 4th year with equal monthly payments thereafter for 3 complete years (36 payments)
a. What is the cash flow diagram?
b. How much are the monthly payments?
c. How much of the 25th payment is interest amount?
d. If BEMS is doing incredibly well and would like to pay off the debt immediately after making the 15th payment in the 51th month, how much must they pay?
This Question: 8 pts BieElectroMechanical Systems (BEMS) s a statup company with high potential and ide available cash They obtain $500,000 for necessary technology from a venture captalist who charges them 10 % compounded monthly The agreament calls for no payment until the end of the first month of the 4th year with equal monthily payments thereafter for 3 complete years (36 payments) According to this information answer Questions (a), (b). (c), and (d). 37 72 A ? (b) How much are the monthly payments? The monthly payments are S23755 (Round your answer to the nearest dollar) (c) How much of the 25th payment is interest amount? The interest amount of the 25th payment is (Round your answer to the nearest dollar (4) BEMS is doing incredibly well and would lke to pay off the debt immediately aher making the 15th payment in the 51th month how much must they pay? They must pay S (Round your answer to the nearest dollar)Step by Step Solution
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