Question: Answer problem and show work please 8. When Per came to WIU he had $2400 saved for an entertainment budget. If he has allocated 200

Answer problem and show work please
Answer problem and show work please 8. When Per came to WIU

8. When Per came to WIU he had $2400 saved for an entertainment budget. If he has allocated 200 per semester (twice a year), at 8% interest compounded semiannually, how many years of entertainment will his budgeted money last? PV FV PMT RATE NPER 9. Comet Powder Company has purchased a piece of equipment costing $100,000. It is expected to generate a 10-year stream of monthly benefits amounting to $1373 per month. Determine the annual rate of return Comet expects to earn from this equipment. PV FV PMT RATE NPER 10. In 2019, a company's sales were $1 million. If their sales grow at 5% per year, what will their sales be in 10 years time? PV PMT RATE NPER FV 11. A leading dealer has presented double money credentials that will double your money in 8 years; that is, if you buy one package for $333.33 today, it will pay you $1,000 at the end of 8 years. What rate of return will you earn on these double money credentials? FV PMT RATE NPER PV 12. You are prizing a task that is expected to earn $600m in 6 years. You estimate a discount interest rate of 11%. What is the present value of this cash flow? FV PMT RATE PV NPER

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