Question
Please answer both. Thank you! #25 A young graduate wants to own the latest, greatest cell phone plan from Horizon Wireless. The graduate purchases a
Please answer both. Thank you!
#25
A young graduate wants to own the latest, greatest cell phone plan from Horizon Wireless. The graduate purchases a plan that costs $288.00 per month. Let's assume that the cost of this plan is constant and that payments are at the end of the month. If the graduate will hold this plan forever, what is the cost in today's dollars? (assume that the graduate has a 7.92% APR discount rate)
Answer format: Currency: Round to: 2 decimal places.
Attempts Remaining: 3
#26
You are considering loaning Caspian Sea Drinks $250,000.00. You require an 8.00% rate of return. Caspian Sea Drinks must promise to make equal payments of $_____ per year over the next 10.00 years in order for you to make the loan. The first payment will be made one year from today.
Answer format: Currency: Round to: 2 decimal places.
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