X D Question 14 2 pt Jane Doe will be in graduate school for the next two years. She borrowed s honey from the bank for her graduate education, which the bank has accepted to be paid after Jane graduates from school in two years. The bank has accepted to the following payment plan: from the beginning of Year 3 (25( month) to the end of Year 4 (48th month), pay $500 in month 25 and increase payment 5% every month thereafter. How much money should Jane Doe put aside each month (equal amount) for the first 24 months (during graduate school) such that she can pay the loan back after graduation? The bank charges an APR of 12%, compounded monthly. Part B: Provide values for the below listed variables. Enter all answers to the nearest integer (no % or decimals required) r: A1: m: k: LonMel....exe F + 02:31 2020/7/11 PoX Question 15 1 pts Jane Doe will be in graduate school for the next two years. She borrowed some money from the bank for her graduate education, which the bank has accepted to be paid after Jane graduates from school in two years. The bank has accepted to the following payment plan: from the beginning of Year 3 (25th month) to the end of Year 4 (48th month), pay $500 in month 25 and increase payment 5% every month thereafter. How much money should Jane Doe put aside each month (equal amount) for the first 24 months (during graduate school) such that she can pay the loan back after graduation? The bank charges an APR of 12%, compounded monthly. Part C: Provide the Present Value of the gradient, and the value Jane must set aside. Enter your answer in the form: 12.34 Gradient: Value to set aside: 1....exe me Q Q CO Po F + 02:31 2020/7/11X D Question 16 1 pts Jane Doe will be in graduate school for the next two years. She borrowed some money from the bank for her graduate education, which the bank has accepted to be paid after Jane graduates from school in two years. The bank has accepted to the following payment plan: from the beginning of Year 3(25 month) to the end of Year 4 (48th month). pay $500 in month 25 and increase payment 5% every month thereafter. How much money should Jane Doe put aside each month (equal amount) for the first 24 months (during graduate school) such that she can pay the loan back after graduation? The bank charges an APR of 12%. compounded monthly. Part D: Provide a statement for the answer to Part C. HTML B I UA JEEXXEE T T Superscript Paragraph ogMel....exe F 4 02:32 2020/7/11 gen PoX The following table shows the maint nice costs for a machine for the next 5 years. How much money should you put aside today. at an interest rate of 5% per year, to cover the maintenance costs? Year 1 Maintenance 2 $40,000 $37.750 $35,500 $33.250 $31,000 Part A: A Cash Flow Diagram representing this scenario is shown below. A = 40,000 G = 2,250 i = 5% I P = ? Support-LogMel..exe F + 02:33 Po 2020/7/11
