You run a school in Florida. Fixed monthly cost is $5,220.00 for rent and utilities, $5,974.00 is spent in salaries and $1,762.00 in insurance. Also every student adds up to $102.00 per month in stationary, food etc. You charge $612.00 per month from every student now. You are considering moving the school to another neighborhood where the rent and utilities will increase to $10,325.00, salaries to $6,544.00 and insurance to $2,172.00 per month. Variable cost per student will increase up to $157.00 per month. However you can charge $1,180.00 per student. At what point will you be indifferent between your current of operation and the new option?

You have an absolutely brilliant child who will be attending a private college in 11 years. You know that a four-year college now costs at least $15,000 per year, including tuition, books, room, and board. The cost of sending a child to college has increased by 4 percent per year, and you believe this will be true for the next 11 years. How much will the annual tuition be when your child is 18?

You run a school in Florida. Fixed monthly cost is $5,128.00 for rent and utilities, $5,990.00 is spent in salaries and $1,478.00 in insurance. Also every student adds up to $102.00 per month in stationary, food etc. You charge $708.00 per month from every student now. You are considering moving the school to another neighborhood where the rent and utilities will increase to $10,370.00, salaries to $6,095.00 and insurance to $2,136.00 per month. Variable cost per student will increase up to $171.00 per month. However you can charge $1,193.00 per student. You want to determine in percent the new charge compared to the previous charge. To calculate this, divide the new charge per student by the previous charge per student, keep in a decimal form and round to 3 decimal points. Submit Answer format: Number: Round to: 3 decimal places.

--you live in the mobile home for four years, but your roommate also pays you $3,000 a year, paid to you at the beginning of each year.  The cost of the mobile home is $15,000, paid immediately.  At the end of four years, you can sell the mobile home for $9,000.  You have no maintenance on the home because you were such a smart manager Using Present Value, what is the cost of your college housing (positive or negative), assuming an interest rate of 8%?

Rick wishes to purchase a new car and can afford monthly payments of up to $275 per month. Finance is available and the terms are that the loan lasts for 6 years, and the annual interest rate is 8%. What is the maximum price for a car that Ryan's budget can afford?Round your answer to the nearest hundred dollars.

Parents wish to have $160,000 available for a child education. If the child is now eight years old, how much money must be set aside at 7% compounded semi annually to meet their financial goal when the child is 18? The amount that should be set aside is $___ (Round up to the nearest dollar.)

Mark is trying to decide if he should attend college or not. Part of his decision will be based on the return on investment of college. He estimates costs to attend Texas Tech for 4 years including room and board are $20,000 per year. He also assumes tuition costs will rise by 3.5% per year. How much is a 4-year degree going to cost Mark?      $92,183.27      $84,298.86      $7,231,158.87      $1,314,002.83

Your grandma pays upfront for you to go on the overnight trip with the school, which cost $340. You make a deal that you'll give her $25 per month until you pay all back. How will you pay grandma?

After deciding to buy a new car, you can either lease the car or purchase it on a three- year loan. The car you wish to buy costs $35,000. The dealer has a special leasing arrangement where you pay $99 today and $499 per month for the next three years. If you purchase the car, you will pay it off in monthly payments over the next three years at a 6 percent APR. You believe you will be able to sell the car for $23,000 in three years. What break-even resale price in three years would make you indifferent between buying and leasing? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) Break-even sale price What is the present value of purchasing the car? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) $ Present value

You are considering the purchase of new living room furniture that costs $1,140. The store will allow you to make weekly payments of $25.12 for one year to pay off the loan. What is the EAR of this arrangment? Multiple Choice 27.39% 29.41% 32.99% 31.42%