At what interest rate would this become attractive

Assignment Help Finance Basics
Reference no: EM131137847

Your company has an existing loan with monthly payments, principal and interest, of $1,888.59. There are 120 payments left on the loan and the loan has an unpaid balance of $155,660.00. Your company is looking at the possibility of replacing this loan with a loan that has estimated closing costs of $3,300.00. At what interest rate would this become attractive?

Reference no: EM131137847

Questions Cloud

Difference between two types of returning values : Find the difference between two types of returning values -  Compare the calculated net values and show the proper message whether or not they match. Name your variables as hours, rate, and netPay.
How do you perceive employment conditions : how do you perceive employment conditions?  - Does it seem like we'll have more structural problems in the future?
At what interest rate would this become attractive : Your company is looking at the possibility of replacing this loan with a loan that has estimated closing costs of $3,300.00. At what interest rate would this become attractive?
Determine the quantity of sand required : The sand in its loosest state has a porosity of 90% and the desired porosity, when compacted, is 20%. Assuming the average thickness of the completed island is 100 m, determine the quantity of sand required.
At what interest rate would this become attractive : Your company is looking at the possibility of replacing this loan with a loan that has estimated closing costs of $3,300.00. At what interest rate would this become attractive?
Write a function called fibonacci : By definition, the first two numbers in the Fibonacci sequence are 0 and 1, and each subsequent number is the sum of the previous two;
A random sample of size n from a normal population : Given a random sample of size n from a normal population with μ = 0, use the Ney man-Pearson lemma to construct the most powerful critical region of size α to test the null hypothesis σ = σ0 against the alternative σ = σ1 > σ0.
The manufacturer of the new medication feels : Suppose that in Example 1 the manufacturer of the new medication feels that the odds are 4 to 1 that with this medication the recovery rate from the disease is 0.90 rather than 0.60. With these odds, what are the probabilities that he will make a..
If price of a good is set higher than equilibrium price is : If the price of a good is set higher than the equilibrium price: - Suppose that quantity supplied of a product equals 5 and quantity demanded equals 8. In this market, there is a:

Reviews

Write a Review

 

Finance Basics Questions & Answers

  Question based on positive balance of payments

This problem is related to financial basics and it is explain "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments." Briefly comment on this statement?

  Depreciated at the time the theft occurred

Nicholas owns a laptop computer that was stolen. The laptop cost $1000 when it was purchased five years ago. A similar laptop computer today can be purchased for $500.

  Find the spot exchange rate for japanese yen how many

you are assigned the duty of ensuring the availability of 100 million japanese yen for a payment scheduled for

  Concept of time value of money

Examine the concept of time value of money in relation to corporate managers. Propose two (2) methods in which time value of money can help corporate managers in general.

  If the company consists of 5 million per day in collections

normas cat food of shell knob ships cat food throughout the country. norma has determined that through the

  Calculate the times interest earned ratio

Calculate the times interest earned ratio for the 15%, 40% and 60% structures. Construct an EPS-EBIT graphfor the 15%, 40% and 60% structures. Which option provides the better EPS.Why is this so?

  Discuss whether a constant payout ratio of 60% would benefit

Based on Kopi's historical dividend payout ratio, discuss whether a constant payout ratio of 60% would benefit shareholders.

  What is the price of 1 million ounces of gold produced in

suppose the current price of gold is 280 per ounce. hotshot consultants advises you that gold prices will increase at

  Percent interest on the money

At the end of one year, you buy 100 shares of Charlotte at $45 to close out your position and are charged a commission of $145 and 8 percent interest on the money borrowed. What is your rate of return on the investment?

  Assuming that the merchandise inventory buildup was

selected financial information for atwell company for 2009 follows.sales1500000cost of goods sold1200000merchandise

  Give examples of required rates of return that would make

assume a 5-year treasury bond has a coupon rate of 4.5. a. give examples of required rates of return that would make

  Computation of yield to maturity at a current market

Computation of yield to maturity at a current market price of bond and Would you pay $829 for each bond if you thought that a "fair" market interest rate for such bonds was 12%- that is if r=12%

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd