A fresh graduate engineer decides to start a consulting firm by borrowing $130,000 at interest rate of 13% per year interest, using the formula: a) What is the loan payment each year to pay off the loan in 7 years?, b) Using the above calculation, draw the cash flow diagram Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

A new engineering graduate who started a consulting business borrowed money for 1 year to furnish the office. The amount of the loan was $45,800, and it had an interest rate of 10% per year. However, because the new graduate had not built up a credit history, the bank made him buy loan-default insurance that costs $900. In addition, the bank charged a loan set-up fee of 1% of the loan principal. What was the effective interest rate the engineer paid for the loan?

Identify the engineering economy symbols and their values. Use a question mark with the symbol whose value is to be determined. Fifteen years ago your grandfather invested $18,000 in a stock fund to pay for your college education. Each year thereafter, he deposited $2,600 into the fund. If the investments grew at a rate of 8% per year over the 15 years, how much is in the fund now?   $18,000 =                  (Click to select) n A i F P $2,600 =                  (Click to select) F i A n P 0.08 =                  (Click to select) P n i A F 15 =                  (Click to select) n P i A F ? =                  (Click to select) P n i A F