Question: prefer handwritten calculations than excel( u can use excel if it's complicated) Thanks! 7. (12pts) A remodeling contractor advertises No payments for 12 months for

prefer handwritten calculations than excel( u can use excel if it's complicated) Thanks!

7. (12pts) A remodeling contractor advertises \"No payments for 12 months" for their roong service. However, interest acclues from the date of service. If the service is provided today, which costs $15,000 and you agree to pay 36 equal payments starting 13 months 'om today, what are the monthly payments if the interest rate is 0.5% per month? 8. (10pts) What value A makes the two annual cash ows shown in these two diagrams equivalent at 9% interest compounded annually? $500 $500 $500 $509 $509 $20 $20 A A A A A A 0 l 2 3 4 5 IS 7"

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