Business borrows-what will be the annual payment required

Assignment Help Financial Management

Reference no: EM131014437

A business borrows $308,965 for 11 years at an annual rate of interest of 8.7%. If payments are annual and the loan will negatively amortize by $45,571, what will be the annual payment required? Put your answer in as a positive number.

Reference no: EM131014437

Questions Cloud

What is the variable cost per hamburger : In a slow year, Deutsche Burgers will produce 3.4 million hamburgers at a total cost of $5.1 million. In a good year, it can produce 5.1 million hamburgers at a total cost of $5.7 million. What are the fixed costs of hamburger production? What is the..

Cost of common stock equity ross textiles wishes : Cost of common stock equity Ross Textiles wishes to measure its cost of common stock equity. The firm’s stock is currently selling for $57.50. The firm expects to pay a $3.40 dividend at the end of the year (2016). Determine the net proceeds, Nn, tha..

What are your thoughts about lt. general russel honore : Watch the video of Lt. General Russel Honore at Ga Tech. https://www.youtube.com/watch?v=Wl-PBcVsb2k What are your thoughts

Consist entirely of current assets and net plant-equipment : The assets of "Sample Company" consist entirely of current assets and net plant and equipment. The firm has total assets of $ 4,086,793 and net plant and equipment of $ 1,556,227. The company has notes payable of $ 135,941, long-term debt of $ 539,69..

Business borrows-what will be the annual payment required : A business borrows $308,965 for 11 years at an annual rate of interest of 8.7%. If payments are annual and the loan will negatively amortize by $45,571, what will be the annual payment required? Put your answer in as a positive number.

Plans to finance using one-third debt : The Walgreen Corporation is contemplating a new investment that it plans to finance using one-third debt. The firm can sell new $1000 par value bonds with a 15-year maturity at a price of $947 that carry a coupon interest rate of 12.7 percent that is..

Text and content of a document : _______ view focuses on the text and content of a document, without much information on the page layout.

Compute the incremental income after taxes : What will Johnson's incremental return on sales be if these new credit customers are accepted? (Input your answer as a percent rounded to 2 decimal places.)

Design a roller coaster : You will draw a short roller coaster on graph paper, plot ordered pairs on its path, and determine the slope, or rate of change, along the ride.

User Account

All Pages