Xa new employee charged $ 4440 on his credit card to relocate for his first job. after noticing that the interest rate for his balance was 18 % compounded monthly comma he stopped charging on that account. he wishes to pay off his balance in 2 years using automatic payments sent at the end of each month. a. what monthly payment must he make to pay off the account at the end of 2 years? b. how much total interest will he have paid?

You are working on a bid to build two city parks a year for the next three years. this project requires the purchase of $249,000 of equipment that will be depreciated using straight-line depreciation to a zero book value over the three-year project life. ignore bonus depreciation. the equipment can be sold at the end of the project for $115,000. you will also need $18.000 in net working capital for the duration of the project. the fixed costs will be $37000 a year and the variable costs will be $148,000 per park. your required rate of return is 14 percent and your tax rate is 21 percent. what is the minimal amount you should bid per park? (round your answer to the nearest $100) (a) $214,300 (b) $214,100 (c) $212,500 (d) $208,200 (e) $208,400