Problem
I) If the price of a car is $31,000, the interest rate is 4.9%, and the payment period is 5 years, how much is the monthly payment?
If the interest rate goes down to 3.5%, how much is the new monthly payment?
II) A new Web-based order entry system for the ABC Company has the following estimated cash flows for the next 7 years. How much is the NPV of this project at 6% interest rate?
Will the NPV go up or down if the interest rate goes up to 8%? -5000, -3000, -2000, 2900, 4400, 5900, 4800
III) The ABC Company pays a commission to its employees based on the following conditions: Under $10,000 total sales ($0-$9999): No commission $10,000 to $20,000 total sales ($10000-$20000): $1000 Over $20,000 total sales ($20,001+): $1000+12% of sales over $20,000 Using the Nested IF function, calculate the total commission for the following 10 employees:
Employee Name Total Sales Total Commission
Bob $12,000
Alan $22,000
Moury $17,000
Mary $32,000
Ron $8,000
Dave $14,000
Brian $25,000
Jean $29,000
Lori $9,800
Jasmine $31,800
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.