A company plans to invest in a project that will generate ca…

A company plans to invest in a project that will generate cash flows increasing geometrically. The first cash flow of $`A1`,000 occurs at the end of year 1, and each subsequent cash flow increases by `g`% annually over a total period of `n` years. If the company’s interest rate is `i`%, calculate the present worth of these cash flows over the `n` years. If your answer is a cost, DO NOT SUBMIT IT AS A NEGATIVE VALUE. Submit your answer as a positive value.

Carlos is setting up a scholarship fund at his alma mater th…

Carlos is setting up a scholarship fund at his alma mater that will provide an annual award of $`A`,000 to one deserving student forever, starting one (1) year from today. If the university can invest the donation at a `i`% annual interest rate, how much money must Carlos donate today to fully fund the scholarship in perpetuity?  Enter your answer with 2 decimal places and NO special characters. If your answer is a cost, DO NOT SUBMIT IT AS A NEGATIVE VALUE. Submit your answer as a positive value.

You want to purchase a new car for $`P`. The current rate yo…

You want to purchase a new car for $`P`. The current rate you can get for the loan is `i`% compounded monthly. What would be your monthly payment if you plan to payback the loan in 6 years? If your answer is a cost, DO NOT SUBMIT IT AS A NEGATIVE VALUE. Submit your answer as a positive value.