Question: Please help!! Please also include any formulas that are used and ill be sure to leave a like :) Need this by April 20th. Thanks!

Please help!! Please also include any formulas that are used and ill be sure to leave a like :) Need this by April 20th. Thanks!

Loan: $5,000,000

Annual interest rate: 2.9%

Loan period: 10 years

Payments: monthly, end of each month

Loan will be fully paid in 10 years.

A) --Create a table to show the Interest, Principal, and Balance of the loan for all periods.

-- Create a table to show cumulative interest payments and cumulative principal payments of this loan for each year.

B) Build a cash flow table for a service business using the loan information from parts A and B. Calculate net cash flow for the duration of the projects. Additional information is as follows:

  • Facility lifetime: 10 years
  • Investment on the facility and equipment: $5,000,000
  • Salvage value: $1,000,000
  • Annual revenue: $650,000 first year, 10% increase for year 2, and 20% annual increase after that
  • Annual operating costs:
    • Insurance: $13,000
    • Maintenance and utility: $18,000
    • Wages: $240,000
  • Income tax rate: 20%. This business does not pay any tax when there is a loss. There is no tax credit for the future.

 Please help!! Please also include any formulas that are used and
ill be sure to leave a like :) Need this by April

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