Company ABC has $325,000 in debt it wishes to finance. The bank offers 7.14% interest over 20 years. What is Company ABC's monthly payment? Place your answer in cell C10.

2. You wish to retire in 30 years. You agree to save $150 per month. You will earn 9.25% on your money. How much will you have at retirement? Place your answer in cell C19. 

3. Extra Credit--Your uncle wishes to purchase your collection of baseball cards. He will pay you $1000 today or $2500 in six years. Assume a rate of 5%. Place the value of $2500 in cell C29. Which offer should you take? Explain in one or two sentences beginning cell C30. 

Answer rating: 100% (QA)

To calculate the monthly payment for Company ABCs 325000 debt at 714 interest over 20 years we can u... View the full answer