1.Capstone Crowns is considering a project that will produce cash inflows of $11,000 in year one, $24,000 in year two, and $36,000 in year three. What is the present value of these cash inflows if the company assigns the project a discount rate of 11 percent? (enter your answer as a number with two decimals i.e. 41.25)
2.Hayden can afford car payments of $235 a month. The dealer will finance a car that costs $13,000 at 5.75 percent interest per year. How long (in months) will it take her to cancel this loan if she makes monthly payments of $235 beginning immediately? (enter your answer as a number with two decimals i.e. 41.25)
Calculation is shown below:
Working is shown below:
Get Answers For Free
Most questions answered within 1 hours.