Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Name: Student Number: Instructions This assignment (take-home quiz) is worth 15 points and it contains 2 problems. This is an individual assignment (no groups). Any

image text in transcribed
Name: Student Number: Instructions This assignment (take-home quiz) is worth 15 points and it contains 2 problems. This is an individual assignment (no groups). Any signs of cheating will result in a zero score for this assignment and may result in an F grade in the class. Use Microsoft Excel, and make sure that your work is well-organized and presented neatly. Messy work will not receive the full mark even if the math is correct. - Print your name/student number, save the file as a PDF document or keep it as an excel, and upload it to eLearning (scanned copies will not be accepted, you can upload your spreadsheet work). The deadline for submission is at 11:55 pm on May 30th, 2022. Late submissions will receive a zero score. Problem 1 Using Microsoft Excel, create an investment cash-flow diagram that will have a present worth of zero using MARR = 11%. The study period needs to be exactly 5 years and each year should have at least one unique cash flow that is different from the cash flows over the other years. Your answer should contain a table showing the cash flows for each year and a graphical representation of the cash flows (cash-flow diagram). Problem 2 After graduation, you just got hired by an engineering company and you were planning to take a loan in order to purchase a new car. Let's assume that the bank is willing to offer you a personal loan with an annual interest rate of 7% compounded yearly. The car price is 25,739 JD and you are capable to pay 5,400 JD per year. After how many years you will be able to pay back the loan with the accumulated interest (use a spreadsheet to answer this question) and draw the cash flow diagram

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Theory And Its Application

Authors: Hanson Arthur Warren, Arthur W. Hanson

1st Edition

ISBN: 1406753351, 978-1406753356

More Books

Students also viewed these Accounting questions

Question

CL I P COL Astro- L(1-cas0) Lsing *A=2 L sin(0/2)

Answered: 1 week ago

Question

List the different categories of international employees. page 642

Answered: 1 week ago

Question

Explain the legal environments impact on labor relations. page 590

Answered: 1 week ago