Farmer Gene is thinking about letting an energy company put up wind turbines on his land. For a single turbine, the energy company will pay Farmer Gene $20,000 up front then an additional $2500 each MONTH to rent the farmer's land. Create an equation for the income, I, Farmer Gene will receive for a single turbine to be put on his land for M months. (Use capital letters) Equation is 20000(M)+2500 How much income would Farmer Gene get after 1 year (12 months)? Income would be $ 50000 How much income would Farmer Gene get after 15 years? Income would be $ 302500 How many months would it take for Farmer Gene to earn an income of $600, 000? It would take 348 months

☐ Your company plans to buy a new vehicle, with a loan payment of $400 per month for 60 months. You estimate that the cost of gas will be $50 in the first month and increase by 1% each month. What is the present equivalent of the loan and gas costs for the vehicle over the 60 months of the loan, assuming an interest rate of 8%? Typed numeric answer will be automatically saved.

Suppose that under the Plan of Repayment one should pay off the debt in a number of equal end-of-month installments (principal and interest). This is the customary way to pay off loans on automobiles, house mortgages, etc. A friend of yours has financed $15,000 on the purchase of a new automobile, and the annual interest rate is 6% (0.5% per month). a. Monthly payments over a 36-month loan period will be how much? b. How much interest and principal will be paid within three month of this loan?

4. An engineering consultant wants to withdraw $16,000 per year for each of the next 10 years to purchase hardware and software upgrades. How much money must the consultant deposit initially in an account that earns 4% interest, compounded annually?

Please Show All work for Understanding A series of cash flows will occur in sequence as follows: present time, $100, the end of one (1) year, $150, the end of two (2) years, $200, the end of three (3) years, $250. Compute the present value of the cash flows using an interest rate of 8%.

Question 1 Due to health reasons, Dave is considering early retirement. He currently has $700,000 in a self- managed retirement fund. He thinks he will need S40,000 per year during retirement. He intends to invest his retirement in a low-risk mutual fund which return 1.5% per year. How many years can he live off this retirement fund without the need to look for a job?

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1. Assume you graduate with a student loan total of $28,000. You are going to pay off this loan with monthly payments for the next 8 years. The monthly interest rate is 0.25%. What is your monthly payment amount? (Answer is not 3,539.49)