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Please solve with using PV RATE NPER PMT these functions. Part 3 A student named Chuck has applied for a job in Tado's finance team.
Please solve with using PV RATE NPER PMT these functions.
Part 3 A student named Chuck has applied for a job in Tado's finance team. But first, he wants to improve his personal finance knowledge. Help him with his calculations. Chuck wants to buy a "BMW M4 Cabrio Competition M xDrive" car which costs 4,939,000 TL. a Chuck puts 300,000 cach year into his saving account. If the yearly interest rate of the account is 30%, after how many years can he buy the car? (The car's price remains the same.) (Do not round the answer.) b Chuck knows that the price of the car will increase 11.1% every year. He wants to buy this car after 5 years, since he wants to impress his friends before graduating from college. He decides to invest 300,000T1 each year in his savings account. He will ask his father to cover the price difference. How much money does he have to ask in order to buy the car after 5 years? (The yearly interest rate of the savings account is 30%) Deniz wants to launch her own start-up and she started to look for investors. One investor offers her 8990000 TL in convertible debt. It means she can either Part 4 1) pay back the loan over 5 years at a 1.7% monthly interest rate, or 2) give the investor 35% shares in her company. a If Deniz decides to pay the loan back (option 1), what are her monthly payments? b If she chooses the second option and her company is worth 4,500,000 TL in the 5th year, what is the present value of the 35% shares? (Use the rate given for the loan loption 1).) Part 3 A student named Chuck has applied for a job in Tado's finance team. But first, he wants to improve his personal finance knowledge. Help him with his calculations. Chuck wants to buy a "BMW M4 Cabrio Competition M xDrive" car which costs 4,939,000 TL. a Chuck puts 300,000 cach year into his saving account. If the yearly interest rate of the account is 30%, after how many years can he buy the car? (The car's price remains the same.) (Do not round the answer.) b Chuck knows that the price of the car will increase 11.1% every year. He wants to buy this car after 5 years, since he wants to impress his friends before graduating from college. He decides to invest 300,000T1 each year in his savings account. He will ask his father to cover the price difference. How much money does he have to ask in order to buy the car after 5 years? (The yearly interest rate of the savings account is 30%) Deniz wants to launch her own start-up and she started to look for investors. One investor offers her 8990000 TL in convertible debt. It means she can either Part 4 1) pay back the loan over 5 years at a 1.7% monthly interest rate, or 2) give the investor 35% shares in her company. a If Deniz decides to pay the loan back (option 1), what are her monthly payments? b If she chooses the second option and her company is worth 4,500,000 TL in the 5th year, what is the present value of the 35% shares? (Use the rate given for the loan loption 1).)Step by Step Solution
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