H7 Assign 2 ANS

H7 Assign 2 ANS - 21 $3,498.47 $3,218.49 22 $3,498.47...

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Answer Key H7: Assignment 2 P1. NPV 0 1 2 3 4 5 6 7 8 9 10 New Roas $2,299,689.13 -3000000 862500 862500 862500 862500 862500 862500 862500 862500 862500 862500 Old $2,857,223.70 465000 465000 465000 465000 465000 465000 465000 465000 465000 465000 Keep the old ones. P3. L1: PV -400000 Interest 10.00% n 360 PMT $3,498.47 Using calculator (rounds interest rate to .83/month) $3,510.29 Using excel (no internal rounding of interest rate) L2: PV -400000 Interest 9.00% n 360 PMT $3,218.49 NPV L1 NPV L2 Fee -12000 Calc. $168,533.03 $167,045.54 1 $3,498.47 $3,218.49 Excel $169,102.33 2 $3,498.47 $3,218.49 Choose L2. 3 $3,498.47 $3,218.49 4 $3,498.47 $3,218.49 Loan Bal Loan Bal 5 $3,498.47 $3,218.49 6 $3,498.47 $3,218.49 ($384,996.78) ($383,520.55) 7 $3,498.47 $3,218.49 8 $3,498.47 $3,218.49 9 $3,498.47 $3,218.49
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10 $3,498.47 $3,218.49 11 $3,498.47 $3,218.49 12 $3,498.47 $3,218.49 13 $3,498.47 $3,218.49 14 $3,498.47 $3,218.49 15 $3,498.47 $3,218.49 16 $3,498.47 $3,218.49 17 $3,498.47 $3,218.49 18 $3,498.47 $3,218.49 19 $3,498.47 $3,218.49 20 $3,498.47 $3,218.49
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Unformatted text preview: 21 $3,498.47 $3,218.49 22 $3,498.47 $3,218.49 23 $3,498.47 $3,218.49 24 $3,498.47 $3,218.49 25 $3,498.47 $3,218.49 26 $3,498.47 $3,218.49 27 $3,498.47 $3,218.49 28 $3,498.47 $3,218.49 29 $3,498.47 $3,218.49 30 $3,498.47 $3,218.49 31 $3,498.47 $3,218.49 32 $3,498.47 $3,218.49 33 $3,498.47 $3,218.49 34 $3,498.47 $3,218.49 35 $3,498.47 $3,218.49 36 $3,498.47 $3,218.49 37 $3,498.47 $3,218.49 38 $3,498.47 $3,218.49 39 $3,498.47 $3,218.49 40 $3,498.47 $3,218.49 41 $3,498.47 $3,218.49 42 $3,498.47 $3,218.49 43 $3,498.47 $3,218.49 44 $3,498.47 $3,218.49 45 $3,498.47 $3,218.49 46 $3,498.47 $3,218.49 47 $3,498.47 $3,218.49 48 $3,498.47 $3,218.49 49 $3,498.47 $3,218.49 50 $3,498.47 $3,218.49 51 $3,498.47 $3,218.49 52 $3,498.47 $3,218.49 53 $3,498.47 $3,218.49 54 $3,498.47 $3,218.49 55 $3,498.47 $3,218.49 56 $3,498.47 $3,218.49 57 $3,498.47 $3,218.49 58 $3,498.47 $3,218.49 59 $3,498.47 $3,218.49 60 $3,498.47 $3,218.49...
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H7 Assign 2 ANS - 21 $3,498.47 $3,218.49 22 $3,498.47...

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