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Please show work and variables if used please!! Question 4 (6 points) Flip Flop & Co. just signed a $64 million contract to purchase supplies
Please show work and variables if used please!!
Question 4 (6 points) Flip Flop & Co. just signed a $64 million contract to purchase supplies from another company. The contract calls for a payment of $14.7 million today, $22.8 million one year from today, and $26.5 million two years from today. What is this contract worth today at a discount rate of 9.5%? A Question 5 (7 points) You would like to buy a new car and can afford a monthly payment of $300. The current monthly financing rate is 2.9% and the loan period is 7 years. If you plan to make a $4,000 down payment, what is the maximum price of the car that you can afford? AJStep by Step Solution
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