The loan is to be paid back in constant monthly payments

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Reference no: EM132064449

1. You borrow 90,000€ from the bank. The bank offers the following conditions: r12:9%; n=10years; and the loan is to be paid back in constant monthly payments. You agree on a waiting period for the first year. Find the payments.

2. You borrow 50,000€ from a bank. The bank offers the following conditions: rate of interest: 3%; n:10years. After having paid the first two payments, you decide to pay 25,000€ in advance, and to reduce the amount of the remaining payments. Find the payments.

3. Last year Baron Enterprises had $775 million of sales, and it had $270 million of fixed assets that were used at 65% of capacity last year. In millions, by how much could Baron's sales increase before it is required to increase its fixed assets?

a. $403.3

b. $396.3

c. $410.3

d. $424.3

e. $417.3

Reference no: EM132064449

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