Finance the cost of the total investment and present

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Provide the total investment required to own and operate the franchise (Allstate Insurance) and calculate the cost of financing. If a range is given, provide the range and calculate the average total investment. Range is $5,000 - $40,000 and the Total Invenstment is $$50,000 - $100,000

Assume you will finance the cost of the total investment (or average total investment) and present the following scenarios:

1. Assume a 5 year loan period at 5% interest rate per year and provide the following:

a. Total Amount Borrowed

b. Monthly payment.

c. Total interest cost for the life of the loan.

d. Total amount of payments for the life of the loan.

2. Assume a 10 year loan period at 6% interest rate per year and provide the following:

a. Total Amount Borrowed

b. Monthly payment.

c. Total interest cost for the life of the loan.

d. Total amount of payments for the life of the loan.

Reference no: EM132050615

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