equal monthly insta must pay 8% per year on the original loan amount (not just the remaining balance). Your total payments will sum to $80,600 (the principal of $65,000 plus total interest of $15,600 3 times 8% of $65,000), which would make your monthly payment $2,238.89 (=80,600/36). What is this loan's APY? uestion 12 20 out of 20 points United Floral, Inc. (UF) is selling $15,000 worth of gardening equipment to a landscaping company. UF will invest $12,500 in the sale. UF has credit terms of 3/10, net 40, and estimates that the company has a 40% probability of taking the discount and paying on day 10, a 25% probability of paying the net amount on day 60, a 31% probability of paying the net amount on anything. If the opportunity cost of funds is 14% APY, what is the net present value of granting credit? Assume a 365-day year. day 120, and a 49% chance of never paying uestion 13 8 out of 20 points Carrion Luggage is borrowing $3 million for a year. The loan will be repaid in equal