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Investment A costs $2,000 today, with cash inflows of $400, $400, $400, and $1,200 in years 14 respectively. Investment B costs $1,000 today and will
- Investment A costs $2,000 today, with cash inflows of $400, $400, $400, and $1,200 in years 14 respectively. Investment B costs $1,000 today and will have one cash inflow of $1,100 in 1 year. If interest rates are 5%, what is the NPV of investment B? (Round to the nearest cent and do not enter the dollar sign)
- A 30 year fixed rate mortgage has monthly payments (and no payment due at the end). If the interest rate is 6% APR and the amount borrowed is $200,000, what is the monthly payment due? (Round to the nearest cent and do not enter the dollar sign)
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