3hw - IME 310: Chapter 3 Answers 1 2 3 4 5 6 7 8 9 10 11 12...

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Unformatted text preview: IME 310: Chapter 3 Answers 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 $ $2,600 10.5 months 136.60 $4758..05 $945 $7,052.10 Local Bank: $3,306, Out-of-town Bank: $3,312 17.5 yrs. Lump sum: $394.10, Alternate: $385.00 $ 897 million Formula: $6.83; Tables: $7.00 97.74 12.4% a) 11.1%; 10% b) 10.54% 1,454 $93,135 36,000 Year 0 1 2 3 4 Cash flow -$2000 -$4000 -$3625 -$3250 -$2875 $ $ $ 20 ...
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This note was uploaded on 04/07/2008 for the course IME 310 taught by Professor Kailashbafna during the Spring '07 term at Western Michigan.

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