You begin work on June 1 and work until August 31,and receive pay on the last day of the month. Yourexpenses for these three months are $1500 I mo. Atthe end of September, you make a $7000 payment,and you make an identical payment at the end ofJanuary. Your expenses from September 1 throughMay 31 are $1000/mo.a. Draw a discrete, nondiscounted cash flow diagramfor this situation.b. If you earn 4% interest, compounded monthly, onthe money until it is spent, what monthly salary isrequired from June 1 through August 31 to breakeven on May 31?c. If you earn 4% interest, compounded monthly, onthe money until it is spent and the salary is $4000 Imo, how much would you have to earn each monthfrom a different job from September through May tobreak even on May 31?d. What situation is depicted in this problem?

You begin work on June 1 and work until August 31, and receive pay on the last day of the month. Your expenses for these three months are $1500 I mo. At he end of September, you make a $7000 payment, and you make an identical payment at the end of January. Your expenses from September 1 through May 31 are $1000/mo. ■. Draw a discrete, nondiscounted cash flow diagram or this situation. . If you earn 4% interest, compounded monthly, on he money until it is spent, what monthly salary is equired from June 1 through August 31 to break even on May 31? . If you earn 4% interest, compounded monthly, on he money until it is spent and the salary is $4000 I no, how much would you have to earn each month From a different job from September through May to break even on May 31? H. What situation is depicted in this problem?

You begin work on June 1 and work until August 31, and receive pay on the last day of the month. Your expenses for these three months are $1500 I mo. At he end of September, you make a $7000 payment, and you make an identical payment at the end of January. Your expenses from September 1 through May 31 are $1000/mo. ■. Draw a discrete, nondiscounted cash flow diagram or this situation. . If you earn 4% interest, compounded monthly, on he money until it is spent, what monthly salary is equired from June 1 through August 31 to break even on May 31? . If you earn 4% interest, compounded monthly, on he money until it is spent and the salary is $4000 I no, how much would you have to earn each month From a different job from September through May to break even on May 31? H. What situation is depicted in this problem?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

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?
3. Jen spends 9000 to buy a 12-payment annuity, which pays K at the end of each month. The nominal annual interest rate for this annuity is 24% compounded monthly. Jen invests each of these payments of K, as she receives them, immedi- ately into a savings account that pays an effective interest of 2% per month. What is the accumulated amount in Jen's savings account at the end of 12 months?
Acc
Q 15 please
Q 10 please
A payment of $870 scheduled to be paid today and a second payment of $1,160 to be paid in nine months from today are to be replaced by a single equivalent payment. What total payment made today would place the payee in the same financial position as the scheduled payments if money can earn 4.25%? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Equivalent payment $4 5. of 7 Next >
2. If we deposit $12000 at the end of year 0 into the bank with the annual interest rate of 6%. How much money will we have at the end of year 2? Draw the cash flow diagram.
The geometric series arises when the value of an individual cash flow differs from the preceding cash flow by a constant, G. Select one: O True False
1.12 Choose the equation below that can be used to determine the value of "P" for a known interest rate, i. Hint think in gradient payment series. No need to show work on this one. Year Cash Flow, $ 0 P 1 0 2 -2,000 a) P = 10,000(P/F, i%, 5) - 2,000(P/G, i%, 5) b) P = 10,000- 1,000(P/G, i%, 5) (F/P, 1%, 5) c) P= 10,000(P/F, i%, 5) -2,000(P/G, i%, 5) d) P= -10,000(P/F, i%, 5) + 2,000(P/G, 1%, 4) 3 -4,000 4 -6,000 5 10,000
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)
2. A loan earns an interest of 12% compounded- quarterly and should be paid within 6 yrs. How much is the loan if the mode of payment is made this way: *focal point at 6, and draw a cash flow diagram CFD P 0 $ 20,000 2 3 F = P(1+i)n P=F(1+i)¯" $ 30,000 4 $ 15,000 5 i=12% compounded quarterly 6 $40,000 REMEMBER THIS!
Response: d-What is the value of f in the following cash flow diagram? 0 1 2 200 200 3 l=%10 yıllık 4 5 6 200 9 BAR OFFE*** 200 96 200 99 F=? yıl