A Vending Machine costs P75.000 if paid in cash. On the installment plan, a purchaser should...

A Vending Machine costs P75.000 if paid in cash. On the installment plan, a purchaser should pay P40,000 down payment and 8 quarterly installments, the first due at the end of the first year after purchase. If money is worth 15% compounded monthly, determine the quarterly installment.

*CASH FLOW Diagram Needed

Expert Solution

Answer to Question No. 1
Particulars	Amount(P)
Amount of loan financed- (Purchase amount- down payment)	35,000.00
No. Of quarterly instalment payments	8
Annual stated Rate (compounded monthly)	15.00%
Monthly interest rate	1.25%
Effective Quarterly Interest rate	3.80%
Future value after 9 month	39,140.23
Quarterly Instalments payment amount	5,764.80

Amortization table
Quarter	Interest expenses	Quarterly payment	Principle repayment	Outstanding Principle
0				35,000.00
1	1,328.97	-	-	36,328.97
2	1,379.44	-	-	37,708.41
3	1,431.81	-	-	39,140.23
4	1,486.18	5,764.80	4,278.62	34,861.61
5	1,323.72	5,764.80	4,441.08	30,420.53
6	1,155.09	5,764.80	4,609.71	25,810.82
7	980.06	5,764.80	4,784.74	21,026.08
8	798.37	5,764.80	4,966.42	16,059.66
9	609.80	5,764.80	5,155.00	10,904.65
10	414.06	5,764.80	5,350.74	5,553.91
11	210.89	5,764.80	5,553.91	-0.00

ekkarill92 answered 2 years ago

Assume that you are a vending machine dealer. You plan to purchase a vending machine for...

Assume that you are a vending machine dealer. You plan to purchase a vending machine for $200,000. One year later, you are expected to sell it back and receive $224,000 as cash. What is the IRR (internal rate of return) on this investment? Be sure to apply the definition of IRR and show your work. 3 points> In order to buy the vending machine, you plan on borrowing $80,000 from Bank at 5% of interest rate and raise $120,000 from...

Sam is considering purchase of a vending machine to sell sodas. The cost of the vending...

Sam is considering purchase of a vending machine to sell sodas. The cost of the vending machine is $3,400. Sam estimates that the vending machine will last for five years and will provide net income of $800 each year for its lifetime. a. If Sam pays $3,400 for the vending machine today, what is its net present value at 7%? Should Sam purchase the vending machine? b. If Sam pays $3,400 for the vending machine today, what is its net...

What types of costs are associated with a Stance™ sock vending machine located in an airport?...

What types of costs are associated with a Stance™ sock vending machine located in an airport? At Cleveland Hopkins International Airport in northeastern Ohio, a vending machine that dispenses socks was recently installed. Located in the C concourse, the Stance sock vending machine offers a variety of what Stance refers to as “uncommon” socks. The designs on the socks in the Cleveland airport vending machine include Cleveland Browns, Cleveland Indians, patriotic flag designs, Hawaiian tropical flowers, and others. The machine...

Coding Java Vending machine Lab

Given two integers as user inputs that represent the number of drinks to buy and the number of bottles to restock, create a VendingMachine object that performs the following operations:Purchases input number of drinksRestocks input number of bottlesReports inventoryThe VendingMachine is found in VendingMachine.java. A VendingMachine's initial inventory is 20 drinks.Ex: If the input is:5 2the output is:Inventory: 17 bottles import java.util.Scanner; public class LabProgram { public static void main(String[] args) { Scanner scnr = new Scanner(System.in); /* Type your code here. */ } }

Simon Teguh is considering investing in a vending machine operation involving 20 vending machines located in...

Simon Teguh is considering investing in a vending machine operation involving 20 vending machines located in various plants around the city. The machine manufacturer reports that similar vending machine routes have produced a sales volume ranging from 600 to 800 units per machine per month. The following information is made available to Teguh in evaluating the possible profitability of the operation. An investment of $45,000 will be required, $9,000 for merchandise and $36,000 for the 20 machines. The machines have...

home depot sells a $1,850 gas grill on the installment plan the installment agreement include a...

home depot sells a $1,850 gas grill on the installment plan the installment agreement include a 20% down payment and 12 monthly payment of $160.what is the total amount of monthly payments

A soft drink vending machine dispenses cans of drinks at the JKUAT cafeteria. The machine waits...

A soft drink vending machine dispenses cans of drinks at the JKUAT cafeteria. The machine waits for students and/or staff to insert coins. All soft drinks cost KShs. 50 and the machine can only accept Ten, Twenty and Forty shilling coins. A customer must insert a total of fifty shillings for the machine to dispense drinks. (i.) Give the formal definition of the above machine, as a Finite Automaton. (ii.) Is the machine deterministic or non-deterministic? Justify your answer (iii.) Draw a state...

1-You want to dispense an item from the vending machine. An item in the machine can...

1-You want to dispense an item from the vending machine. An item in the machine can cost between 25 cents and a dollar, in 5 cent increments (25,30,35,,40,45......,90,95,100) and the machine accepts only a single dollar bill to pay for the item. Write a java class called ChangeMaker that will determine the change to be dispensed from a vending machine. Use the following UML diagram. ChangeMaker Attributes private double money private int numberOfQuarters private int...

Using a vending machine requires instructions from the person buying an item and the machine dispensing...

Using a vending machine requires instructions from the person buying an item and the machine dispensing the item. Using terms and concepts learned this week, discuss the following activities. What actions by either the person buying an item or the vending machine would you describe as a privilege or non-privileged instructions? Why? Relate memory management concepts (virtual, real) to the operation of the vending machine. Relate processes and threads to the operation of the vending machine. Directly address each question...

. One year ago Gena bought a water deionizer on an installment plan. The plan specified...

. One year ago Gena bought a water deionizer on an installment plan. The plan specified that she make a down payment of $5,000 immediately, and pay installments of $8,000 after three months and nine months. Gena made the down payment, but did not pay the $8,000 installments that were due nine months ago and three months ago. The seller agreed to discharge Gena’s debt with a payment today, and a second payment six months from today. Today’s payment will...

Question