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Consider the cash flows shown. 0 Year Revenues, $ Costs, $ 0 1 2 25,000 | 19,000 -30,000 -7,000 3 4,000 -4,500 4 28,000 -10,000
Consider the cash flows shown. 0 Year Revenues, $ Costs, $ 0 1 2 25,000 | 19,000 -30,000 -7,000 3 4,000 -4,500 4 28,000 -10,000 -6,000 NOTE: This is a multi-part question. Once an answer is submitted, you will be unable to return to this part. Determine the i* value displayed by the IRR function. A-1 Mortgage makes loans with the interest charged on the loan principal rather than on the unpaid balance. Consider a 5-year loan of $10,000 at 8% per year. If interest is charged on the unrecovered balance, what equal annual payment would be required to complete the repayment of the loan in 5 years? The equal annual payment required is $ 14000
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