Q1,A: A project has a $48000 first cost that returns $7000 per year over its 10 year
Question:
Q1,A: A project has a $48000 first cost that returns $7000 per year over its 10 year life. It has a $15000 salvage value at the end of its 10 years. If the MARR is 6%, what is the payback period of this project in years?
ROUND YOUR ANSWER TO ONE DECIMAL POINT. Round interim calculations to 4 decimal points. Q1, B An investment property was recently purchased by a couple for $450000. The down payment amount was $60000 and the remaining amount was obtained from a mortgage. The mortgage has a nominal interest rate of 6% compounded monthly. The initial term of the mortgage is 4 years. Assuming the couple opted to make monthly payments of $2900 during the initial term, how much will they owe after 4 years?
DO NOT ENTER AS A NEGATIVE NUMBER
Round your final answer to the nearest whole number (integer).
Fundamentals of Financial Management
ISBN: 978-0324597707
12th edition
Authors: Eugene F. Brigham, Joel F. Houston