Since you have limited cash capital, you have decided to purchase a used food truck. Your bank lender is considering a fixed rate loan for your truck, but you need to provide them with a description of your truck, and the price you will be paying for it. You have found a website for a company that sells used food trucks. Click the link below to find a truck to your liking that is located in the state of Florida.
www.usedfoodtrucks.com (Links to an external site.)
Once you have decided on your truck. Visit the mortgage loan amortization link (Links to an external site.) below and determine your monthly loan payment. The bank will give you a seven year loan at an interest rate of 8% for the full amount of the purchase price. Visit bankrate.com/amortization schedule (Links to an external site.) The site will calculate your monthly payment. Once you determine your monthly payment, click the link that says “show amortization schedule” The amortization schedule will show you how your monthly payment is broken out between principle and interest. Place the appropriate expense amount into your spreadsheet.
Amortization Schedule Calculator | Bankrate (Links to an external site.)
Lastly, complete the remaining operating expense items in your spreadsheet. Use reasonable estimates. While you have never started a business like this before, FSW wants to see you have given some thought to these operating expense items. Remember, they have no idea how much it cost to operate a Hot Dog truck, but like your sales projections, they want to see that your expense projections are reasonable and make sense.
What you will submit this week:
1. A description of your truck and purchase price.
2. Your completed excel spreadsheet that includes all the Hot Dog truck expense items for twelve months. Once you enter all the operating expenses, a formula will calculate your bottom line results.
3. A screen shot of the loan payment calculation results.
4. A screen shot of the loan amortization schedule for twelve months.
When completed Your screen shots should look like the samples below:
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more