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5. 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?

6. 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

7. 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

• Posted: 10 days ago
• Due:
• Budget: \$20