Question 1 10 points Save Answer Phineas Jamz Lab is your new business that produces experimental jazz electronica for people to listen to on high speed trains in Asia. You are funded by some shady characters that decide to give you the money but you have to pay them back according to the following payment schedule, which is given per month. You want to make 10% per month on money, so what is the present time equivalent of how much you have to pay them? The payment schedule is good for 56 months. (Note: year I is $500. you have to pay $1000 more to them each month thereafter. In mooth 10. you pay $20.5K in Total for the month; in month 20 you pay $20 5K in Total. The rest of the months are what they are with the gradient.] Question 3 How many months in total would it take for Phinease Jamz to make a profit (in present worth)? 10 points Save Answer Question 6 You want to rent a recording studio for Phineas. If the price of the contract now is $25K but you take a loan out at 3% per year for 5 years of monthly payments of $449.22. how much do you end up paying in Future Costs? Your answers are saved automatically. Question Completion Status: Moving to another question will save this response. Question 1 of 10 Question 1 10 points Saved Phineas Jamz Lab is your new business that produces experimental jazz-electronica for people to listen to on high speed trains in Asia. You are funded by some shady characters that decide to give you the money but you have to pay them back according to the following payment schedule, which is given per month. You want to make 10% per month on money, so what is the present time equivalent of how much you have to pay them? The payment schedule is good for 56 months. (Note: year 1 is $500, you have to pay $1000 more to them each month thereafter. In month 10. you pay $20.5K in Total for the month; in month 20 you pay $20.5K in Total. The rest of the months are what they are with the gradient.) CashFlow 560,000 550,000 540,000 $30.000 520.000 $10,000 1S. 11 13 15 17 19 21 23 25 27 23 11 33 35 37 39 41 431 555 Cow Question 2 10 points Saved For Phineas jamz, you expect revenue to be $150 in month 1, $500 in month 2 $1000 in month 3 and in month 4 it is 10% more than month 3 (so $1100). Month 5 is 10% more than month 4 (so $1210). So it goes, 10% more every month until month 56 (5156,247). At i-10% per month, what is the revenue for all months as a present equivalent? 41,120.59 Question 2 of 10 First Question Moving to another question will save this response. Question Completion Status: A Moving to another question will save this response. Question 3 How many months in total would it take for Phinease Jamz to make a profit (in present worth)? Question 1 10 points Save Answer Phineas Jamz Lab is your new business that produces experimental jazz electronica for people to listen to on high speed trains in Asia. You are funded by some shady characters that decide to give you the money but you have to pay them back according to the following payment schedule, which is given per month. You want to make 10% per month on money, so what is the present time equivalent of how much you have to pay them? The payment schedule is good for 56 months. (Note: year I is $500. you have to pay $1000 more to them each month thereafter. In mooth 10. you pay $20.5K in Total for the month; in month 20 you pay $20 5K in Total. The rest of the months are what they are with the gradient.] Question 3 How many months in total would it take for Phinease Jamz to make a profit (in present worth)? 10 points Save Answer Question 6 You want to rent a recording studio for Phineas. If the price of the contract now is $25K but you take a loan out at 3% per year for 5 years of monthly payments of $449.22. how much do you end up paying in Future Costs? Your answers are saved automatically. Question Completion Status: Moving to another question will save this response. Question 1 of 10 Question 1 10 points Saved Phineas Jamz Lab is your new business that produces experimental jazz-electronica for people to listen to on high speed trains in Asia. You are funded by some shady characters that decide to give you the money but you have to pay them back according to the following payment schedule, which is given per month. You want to make 10% per month on money, so what is the present time equivalent of how much you have to pay them? The payment schedule is good for 56 months. (Note: year 1 is $500, you have to pay $1000 more to them each month thereafter. In month 10. you pay $20.5K in Total for the month; in month 20 you pay $20.5K in Total. The rest of the months are what they are with the gradient.) CashFlow 560,000 550,000 540,000 $30.000 520.000 $10,000 1S. 11 13 15 17 19 21 23 25 27 23 11 33 35 37 39 41 431 555 Cow Question 2 10 points Saved For Phineas jamz, you expect revenue to be $150 in month 1, $500 in month 2 $1000 in month 3 and in month 4 it is 10% more than month 3 (so $1100). Month 5 is 10% more than month 4 (so $1210). So it goes, 10% more every month until month 56 (5156,247). At i-10% per month, what is the revenue for all months as a present equivalent? 41,120.59 Question 2 of 10 First Question Moving to another question will save this response. Question Completion Status: A Moving to another question will save this response. Question 3 How many months in total would it take for Phinease Jamz to make a profit (in present worth)
