What is the well worth today

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1. How long will it take to pay off a loan of ?$55,000 at an annual rate of 10?% compounded monthly if you make monthly payments of ?$600 ?(round up) To pay off the? loan, it will take approximately _____ years.(Round up to the nearest? integer.)

2. Ghanata Oil has a well that will produce an annual cash flow of $236 million next year. The cash flow is expected to increase by 3.5 percent per year indefinitely. What is the well worth today if the discount rate is 15 percent?

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Reference no: EM131958929

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