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You are thinking of purchasing a hosse. The house costs $400,000. You have $57,000 in cash that you can tro as a down paymant en

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You are thinking of purchasing a hosse. The house costs $400,000. You have $57,000 in cash that you can tro as a down paymant en the house, but you neod to barrow the rest of the purchase p The annual payment is 3 (Round so the nearest dodac) The hierest rate the bank is advertieng is 6. (Round bo me nearen ineger) What is the present value of the folowing set of cesh llows, discounted at 15.3% cer year? The prosent valje st the cash fow stream is (Found to the neatest enne.) You want to endow a scholanship that will pay $12,000 per year forever, starting one year from now If the schoors endowment discount rate is 4%, what amount must you donate to endew the tchoranthip? Tho emount you must donse is $ (Round to the nearest cent.)

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