Question
You took out a mortgage for $200,000. You need to pay $2,101 every month for 15 years. Find the following : What is the present
You took out a mortgage for $200,000. You need to pay $2,101 every month for 15 years.
Find the following :
What is the present value of $8,000 per quarter for 6 years with an annual interest rate of 7.2% (APR with quarterly compounding)?
Find the following:
You sold your online business to Google. Google agreed to pay you $50,000 now, $30,000 per year for the next 9 years and $100,000 in 10 years if the business meets certain performance targets. If you invested the money, you would earn a return of 3%. What is the present value of the combined cash flows, assuming the performance targets are met?
FIND THE FOLLOWING:
Problem 9 Intro You took out a mortgage for $200,000. You need to pay $2,101 every month for 15 years. | Attempt 5/6 for 10 pts. Part 1 What is the monthly interest rate? |+ decimals Previous answers: 9.6; 9.6%; 1; 1% Submit | Attempt 1/6 for 10 pts. Part 2 What is the APR? 3+ decimals Submit Part 2 | Attempt 3/6 for 10 pts. What is the present value of $8,000 per quarter for 6 years with an annual interest rate of 7.2% (APR with quarterly compounding)? 0+ decimals Submit Problem 11 Intro You sold your online business to Google. Google agreed to pay you $50,000 now, $30,000 per year for the next 9 years and $100,000 in 10 years if the business meets certain performance targets. If you invested the money, you would earn a return of 3%. Part 1 | Attempt 1/6 for 10 pts. What is the present value of the combined cash flows, assuming the performance targets are met? 0+ decimals Submit
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