Practice Problem 6-01 Answer the following questions related to Teal Mountain Inc. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Click here to view the factor table. Teal Mountain Inc. has completed the purchase of new Surface computers. The fair value of the equipment is $435,625. The purchase agreement specifies an immediate down payment of $100,000 and semiannual payments of $33,906 beginning at the end of 6 months for 7 years. What is the interest rate, to the nearest percent, used in discounting this purchase transaction? Interest rate % semiannually LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT Teal MountainInc. has $305,112 to invest. The company is trying to decide between two alternative uses of the funds. One alternative provides $54,000 at the end of each year for 10 years, and the other is to receive a single lump-sum payment of $1,131,134 at the end of the 10 years. Which alternative should Teal Mountain select? Assume the interest rate is constant over the entire investment. LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT Teal Mountain Inc. wishes to accumulate $1,300,000 by December 31, 2027, to retire bonds outstanding. The company deposits $200,000 on December 31, 2017, which will earn interest at 8% compounded quarterly, to help in the retirement of this debt. In addition, the company wants to know how much should be deposited at the end of each quarter for 11 years to ensure that $1,300,000 is available at the end of 2027. (The quarterly deposits will also earn at a rate of 8%, compounded quarterly.) (Round answer to o decimal places, e.g. 458,582.) Annuity of value of quarterly deposits LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT Teal Mountain loans money to Luck Corporation in the amount of $500,000. Teal Mountain accepts an 11% note due in 7 years with interest payable semiannually. After 2 years (and receipt of interest for 2 years), Teal Mountain needs money and therefore sells the note to Denver National Bank, which demands interest on the note of 13% compounded semiannually. What is the amount Teal Mountain will receive on the sale of the note? (Round answer to 0 decimal places, e.g. 458,581.) Amount received on sale of notes Click if you would like to show Work for this question: Open Show Work