Question

3- Ace Manufacturing is building a new Platinum Level LEED certified facility that will cost $44M. Ace will borrow $40M from First National Bank and 23 pay the remainder immediately as a down payment. Ace will pay 7% interest but will make no payments for 4 years, at which time the entire amount will be due (a) How large will Ace's payment be? (b) What is LEED, by whom was it devised, and why?

Answer 1

Answer: Ace Manufacturing a building with cast = $44M By using Given information in the question: Borrowed Money from National Bank [P] = $ 40M Rate of interest (n) = 7% - 10 years Now, 0.07 Time period (n). H A = P(ltron $40.6+0.07]4 = $40M[131] $ 52.4 million А A $52.4 million to the Nabonal Bank i Ace payment will be [a] How large will face's payment? Ace payment will be = $52. 4 million b] What is LEED? * LEED is a Green building Rating system, * LEED { headership in Energy and Environmental Designy and LEED was developed by The us Green Building Counsil Whom was diversed? David Gottfried Why? * it is i Creates a high efficient framecoork to healthy and cost- Saving Buildings so that LEED is used to create a high efficient Green Building. (0