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What are you willing to pay for an investment offering the following cash flows, given a discount rate of 6%? Year 1 = 500, Year
What are you willing to pay for an investment offering the following cash flows, given a discount rate of 6%? Year 1 = 500, Year 2 = -250, Year 3 = 1500. Group of answer choices
$1508.63
$1270.90
$1620.78
$1860.25
You borrow $48,500 from a bank at 18% interest compounded monthly and can afford $750 monthly payments. How many months will it take for you to pay back the loan in full (rounded)?
Group of answer choices
235.5 months
189.3 months
127.5 months
88.9 months
97.2 months
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