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1) If Janet borrowed $8,100 over five years at 0.14

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1) If Janet borrowed $8,100 over five years at 0.14 compounded monthly,
what would be Janet’s monthly payment? Please round to two decimal places.

2) Robert’s Bakery bought new machines for $5,000,000 . This is expected to result in additional cash flows of $1,225,000 over the next 7 years. What is the payback period for this project? The acceptance period is five years.

3) Your new project has the following cash flows:

0 1 2 3

($500) $160.00 $200 $290.00

What is the project’s NPV if the interest rate is $6%?
Please round to two decimal places.

 
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