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I Need the LAST 2 formulas You can afford a monthly payment of $5,000. Using Goal Seek, what is the largest amount you can borrow
I Need the LAST 2 formulas
You can afford a monthly payment of $5,000. Using Goal Seek, what is the largest amount you can borrow keeping Number of Months and Annual Rate the same? 5 Points Amt Borrowed Number of Months Annual Interest Rate Monthly Payment $ 650,000.00 180 6% $5,485 (Use a negative sign to make the payment a positive value.) You want to keep your monthly payments at $4,000. Using Goal Seek, how much down payment do you need to make, keeping Purchase Price, Number of Months and Annual Rate the same? 10 Points Purchase Price Down Payment Amt Borrowed Number of Months Annual Interest Rate Monthly Payment $ 800,000.00 $ 120,000.00 $ 680,000.00 360 8% $4,990 (Use a negative sign to make the payment a positive value.) Your company needs a Gross Operating Profit of $650,000 in order to cover all Overhead and Fixed expenses. Using Goal Seek, how many units must you sell (leave the price per unit and cost per unit| unchanged)? 15 Points Price per Unit Units Sold Total Revenue $5.49 225,000 $280,172.41 $3.17 Cost per Unit Total COGS Gross Operating ProfitStep by Step Solution
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