Submit your answer.

Submit your answer.

Exercise $4$ If you want to withdraw $$10000$ each year for $30$ years, how much would you need to

have saved today to fund these withdrawals? $($Assume a $7\%$ annual return.$)$

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payment be if you pay back the loan over $5$ years. Assume a $10\%$ interest rate.

Submit your answer.

Exercise $6$ You are considering purchasing a new machine for $$64000$ that will save $$12000$ per

year for $8$ years. If cost of capital is $12\%,$ what is the net present value $($NPV$)$ of

buying the new machine?

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