please give me a detailed answer to each problem
-Annual depreciation -Administrative expenses - Cost of goods sold $2.000 $10,000 $65,000 Total Debt (obtained from the balance sheet) $50,000 Interest Rate on Debt 7% Tax rate 20% Construct the income statement. 3. You decided to purchase a new house for $300,000. You are required to pay a down payment of 20 percent of the price and the rest will be obtained as a loan from BLOM Bank. The terms of the loan are as follows: 1) the loan will be repaid at the end of each month in equal monthly payments over the next 30 years. 2) The annual interest rate on the loan is 12 percent compounded monthly. a. Determine the value of each monthly payment. The first payment is due one month from the date of the loan. b. What is amount of interest charges included in the second monthly payment? 4. You are planning to purchase a new home in 5 years. The price of the home at that time is expected to be 300,000 US dollars. The required down payment is 10 percent. The rest of the amount will be taken as a loan from Byblos Bank. The closing cost of the loan is 5 percent. How much must you deposit at the bank today to be able to meet the down payment and the closing cost if the interest rate is 7.5 percent compounded annually? You will pay the following cash flows: 5200 in years 1, 2, and 3. $300 in years 4, 5, 6, and 7, and $400 in years 8, 9 and 10. All cash flows will be paid at the end of each year. If the annual interest rate is 8 percent for the first 5 years and 10 percent for the following 5 years. (Compounded annually). a. Determine the present value of these cash flows? b. Determine the future value of these cash flows? You open a savings account at Audi Bank on July 23, 2019 and deposited $1.000. You added to it $2000 on September 23, 2019. The bank is paying a 12 percent annual interest rate on this account compounded daily. How much money would you have in your account today? (February 3, 2020). (7.) (5 points) Today, you are celebrating your 30 birthday. You made a decision to start saving for your retirement. You will open a savings account at Byblos Bank and deposit $10,000 also today. You will then make monthly deposits of $100 in the same account starting one month from today and ending on your 64 birthday when you retire. Byblos Bank pays on savings accounts an interest rate of 12 percent compounded monthly. Determine the amount you would have accumulated on your 64th birthday. 8. (5 points) Today, your mother is celebrating her 64 birthday and is retiring from her job. She has in her savings account at Bank Med $156,234. Bank Med pays on her savings account an interest rate of 9 percent compounded monthly. Determine the amount your mother can withdraw monthly from this account if she expects to live exactly for 20 years. Assume the first withdrawal will take place one month from today
