Question: ) The local Buffalo Wild Wings is considering borrowing $75,000 from PNC Bank at 9% compounded annually to purchase some new equipment. This loan will

) The local Buffalo Wild Wings is considering borrowing $75,000 from PNC Bank at 9% compounded annually to purchase some new equipment. This loan will have to be repaid in equal annual installments at the end of each year over the next 10 years. How much will Buffalo have to pay back each year?

d) Jason Mollett has the following choices:

He can be offered $2,900 today,
or $11,000 at the end of 12 years,
or $15,533 at the end of 13 years.

Assuming that the interest rate is 11%, which offer should he accept? Why?

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