Determine what your monthly loan payment would be

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Reference no: EM133962420

Question 1: Solve problem 5.1 on p 140, but assume Cathy's discount rate is 10% (instead of 12%).
Question 2: Solve problem 5.4 on p.140 using two methods. Answer: Present Worth = $22,891
Using spreadsheet. Set up table with known values and use the Excel Present Value function (PV).
Using spreadsheet. Set up table with yearly cash flows and use the Excel Net Present Value function (NPV).
Why is the $200K not included in the analysis?
Question 3: A project has a first cost of $10,000, net annual benefits of $2,500, and a salvage value after 8 years of $3,000. The project will be replaced identically at the end of 8 years and again at the end of 16 years. What is the Present Worth of the entire 24 years of service if the interest rate is 8%?
Solve setting up a table with yearly cash flows and use the Excel Net Present Value Function (NPV).
Repeat the problem, but assume there is no salvage value.
Question 4: Determine the down payment that must be made on an automobile that cost $42,000 if you want to make monthly payments of $700 for 48 months if the annual (nominal) interest rate is 6.1%. Get reliable and affordable assignment help today!
Question 5: Determine what your monthly loan payment would be if you purchase a new house.
Pick a purchase price for a home.
Determine a reasonable current market nominal annual interest rate for your home loan. (you can check the internet).
Pick either a 15 year or 30 year loan. (180 or 360 monthly payments)
What will your monthly loan payment be. Show your work.

Reference no: EM133962420

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