Provide the total investment required to own and operate the franchise (Allstate Insurance) and calculate the cost of financing. If a range is given, provide the range and calculate the average total investment. Range is $5,000 - $40,000 and the Total Invenstment is $$50,000 - $100,000
Assume you will finance the cost of the total investment (or average total investment) and present the following scenarios:
1. Assume a 5 year loan period at 5% interest rate per year and provide the following:
a. Total Amount Borrowed
b. Monthly payment.
c. Total interest cost for the life of the loan.
d. Total amount of payments for the life of the loan.
2. Assume a 10 year loan period at 6% interest rate per year and provide the following:
a. Total Amount Borrowed
b. Monthly payment.
c. Total interest cost for the life of the loan.
d. Total amount of payments for the life of the loan.