1. Amir's Auto Sales is considering opening a new sales location across town. Amir's expects the new venture to face relevant fixed costs of $321,630. Amir's expects to sell the average car for $26,647, with average variable costs of $18,570 per unit. Calculate breakeven sales in DOLLARS of sales revenue. (Rounding: penny.)
2. You have a $ 6,000 loan to be repaid in 5 years (annual payments) at a 7% interest rate. Create an amortization schedule for a fully amortized loan with constant-payment installments.