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PTEMBD by 20% per ney instead Opts) Frank Johnson LLC Engineering firm borrow owed $100,000 to purchase a new AC unit for the building. The
PTEMBD by 20% per ney instead Opts) Frank Johnson LLC Engineering firm borrow owed $100,000 to purchase a new AC unit for the building. The annual loan payment is is 88,880 at 8% per year for 30 years. The 000 annual payments instead, in hopes of paying company's CEO decides to make $10,000 ani of the loan sooner. Using the interpolation method, how long will it take to the nearest years and months) to repay the loan using the CEO's decision? (10pts 4. Cannon Nissan dealership is advertising an oil change promotion, "$30 per oil change for up to 20 visit periods". If Ms. Woodberry (who is cheap) instead invested this money at a 2.42% interest rate per period so at the time of trade-in she can pay for the 20 oil changes, how much would he have accumulated (from the investment) at the time of trade-in? (10pts)
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