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Katie's Dinor spent $113,800 to refurbish its current facility. The firm borrowed 65 percent of the refurbishment cost at 7.82 percent interest for six years.

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Katie's Dinor spent $113,800 to refurbish its current facility. The firm borrowed 65 percent of the refurbishment cost at 7.82 percent interest for six years. What is the amount of each monthly payment? Select one: a. $1,449.00 b. $1,290.00 c. $2,085.00 d. $1,253.00 e. $1,731.00 You will receive annual payments of $800 during the next 12 years. What is the present value of thesepayments if the discount rate is 7 percent? Select one: a. $6,354.00 b. $6,973.00 c. $6,669.00 d. $6,087.00 e. $6,953.00 Anne plans to save $40 a week, starting next week, for ten years and earn a rate of return of 4.6 percent, compounded weekly. After the ten years, she will discontinue saving and invest her account at 6.5 percent, compounded annually. How long from now will it be before she has accumulated a total of $40,000? Select one: a. 6.6 years b. 1.4 years c. 11.2 years d. 15.02 years e. 7.1 years JK Industries just signed a sales contract with a new customer. JK will receive annual payments in theamount of $62,000, $62,000, $62,000, and $62,000 at the end of Years 1 to 4, respectively. What is this contract worth at the end of Year 4 if the firm earns 4.3 percent on its savings? Select one: a. $264,459.00 b. $287,518.00 c. $224,459.00 d. $298,178.00 e. $278.458.00

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