Instructions Make decisions that are best for your company. You use 10% to evaluate things unless told or it makes more sense to use a different value. (Put your answer in this format: if its over $1M: 1,000,001. If its over $100,000 then 100,001. Etc. E.g., if your answer is $2,345,466.43 then you put "2,345,466" - no $ or decimals, e.g., $754,231.12 then you would enter 754,231.) 13 130 Total Questions Total Points Possible 1. Question Options You need a new set of decks for the studio. You are thinking about a loan. Which of these banks is best? Bailout Banking Corp: 0.4% per month, compounded monthly Giant Nationalized Bank: 7% per year, compounded quarterly Bank of the One Percent: 7% per year, compounded monthly Lendit & Takenrun: 1% per month, compounded semi-annually 2. Question to promote your albums, you're putting on two international music festivals featuring your artists and albums. A music lover agrees to loan you the money at 6% per year. What is the present worth costs for these over 15 years? (Put your answer in this format: if its over $1M: 1,000,001. If its over $100,000 then 100,001. Etc. E.g., if your answer is 3. Question You are able to make the following amount on an Urban Bangers album. What is the Future Worth of all that paper? (Answer should be in format: 123,456 or 1,234,567 or 123, etc. Thus no $ or decimal change). You could just buy an 8% returning mutual fund instead, so evaluate this at 8%. 4. Question How much money must 3XT2 have (considering they make 5% per year, compounded annually, on their savings), to provide for 10 annual withdrawals that start at $6K and decrease by $500 each year? [So in year 1 you take out $6K, then $5.5K... on down)