Reference no: EM13786258
1. What is the monthly debt service payment on Marco's loan if Enrique lends him $15,000 for four years at 8% interest?
2. Tanya is trying to prepare her loan amortization schedule for the renovation of her bed-and-breakfast facility. Her banker is quoting her an interest rate of 12% for four years. The loan amount is $25,000. Prepare the loan amortization schedule.
3. Juan would like to add a shuttle service for his hotel guests to nearby shopping centers.
The van has a price tag of $35,000. His bank will give him a loan for $25,000 at only 6% interest,
What is Juan's loan amortization schedule for the first five months? The term of the loan is five years compounded monthly, if Juan pays $10,000 as a down payment.
4. Milton is offering Bernard an opportunity to invest in his deal. He is asking for an equity investment of $125,000 and promises to pay Bernard the following cash flow:
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