VCIcies lather than buy them. A new un be leased for a down payment of $5,000 and 36 end-of-the -month payments of $699. Alternately, the car can be purchased for cash for $52,000 and a Q7 with about...


Question number 7. Complete the amortization schedule.


VCIcies lather than buy them. A new<br>un be leased for a down payment of $5,000 and 36 end-of-the -month<br>payments of $699. Alternately, the car can be purchased for cash for $52,000<br>and a Q7 with about 40.000 miles is estimated to have resale value of $26,000<br>in three years from now. Should one lease or buy if opportunity cost is<br>5.16%APR? Show all your work.<br>Prepare an amortization schedule for the 51st, 52nd and 53rd payments on a<br>15-year, 3.60% APR, $1 million mortgage loan. Payments are monthly. Show<br>all your work. (Similar concept to problem 4).<br>3.<br>.003 ( ,00)<br>mytuow<br>-int.Ending<br>Month<br>BB x i<br>BB-<br>Beginning<br>Balance<br>Monthly<br>Payment<br>princ.<br>Interest<br>Principal<br>Balance<br>51<br>773,970.39<br>7,200.48 2321.914,878.57 769,091.82<br>3.<br>52<br>769,091.82 7,200.482,307.28<br>|4,893.2764,198.62<br>53<br>764,198.62/ 7,200.48 2,292.604,907.88759290.74<br>4,907.88 759290.74<br>Maxmillan Corp is planning to buy a new computer system for $800,000 with<br>8,<br>useful life of six years. At the end of six years, the system will have no value<br>Over the six years the system will save them $240,000 each year for the first<br>three years and $120,000 each year for the last three years.<br>a. What is the NPV of the project if Maxmillan requires a return of 16%?<br>b. What is the IRR for this project?<br>

Extracted text: VCIcies lather than buy them. A new un be leased for a down payment of $5,000 and 36 end-of-the -month payments of $699. Alternately, the car can be purchased for cash for $52,000 and a Q7 with about 40.000 miles is estimated to have resale value of $26,000 in three years from now. Should one lease or buy if opportunity cost is 5.16%APR? Show all your work. Prepare an amortization schedule for the 51st, 52nd and 53rd payments on a 15-year, 3.60% APR, $1 million mortgage loan. Payments are monthly. Show all your work. (Similar concept to problem 4). 3. .003 ( ,00) mytuow -int.Ending Month BB x i BB- Beginning Balance Monthly Payment princ. Interest Principal Balance 51 773,970.39 7,200.48 2321.914,878.57 769,091.82 3. 52 769,091.82 7,200.482,307.28 |4,893.2764,198.62 53 764,198.62/ 7,200.48 2,292.604,907.88759290.74 4,907.88 759290.74 Maxmillan Corp is planning to buy a new computer system for $800,000 with 8, useful life of six years. At the end of six years, the system will have no value Over the six years the system will save them $240,000 each year for the first three years and $120,000 each year for the last three years. a. What is the NPV of the project if Maxmillan requires a return of 16%? b. What is the IRR for this project?

Jun 08, 2022
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