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1. Find the monthly house payment necessary to amortize the following loan.In order to purchase a home, a family borrows $267,000 at 10.8% for 15 yr. What is their monthly payment? Round the answer to the nearest cent.
A.$3394.52B.$19,108.39C.$3001.27D.$2403.00E. Not given
2. Find the payment necessary to amortize the loan. $2200; 12% compounded quarterly; 8 quarterly paymentsA) $313.48B) $282.55C) $442.87D) $313.40E) not given
3. Lou has an account with $10,000 which pays 7% interest compounded annually. If to that account,Lou deposits $5,000 at the end of each year for 4 years, find out the amount in the account after the last deposit.
A) $35,307.68B) $22,199.72C) $34,999.72D) $32,199.72E) not given
Determine the maximum deductible contribution
XYZ company has a balloon payment coming due from the recent acquisition. What TVM concept (s) is represented in the condition? What is the value of money represented by the situation?
By using above information, what weighted-average direct manufacturing labour rate must you use in making your manufacturing direct labour cost objective?
At an interest rate of 12 percent, the six-year discount factor is .507. How many dollars is $.507 worth in six years if invested at 12 percent? If the PV of $139 is $125, find the discount factor?
QAZ Corporation owns a fleet of 100 automobiles, for which the probability of loss is approximately equal to .05. Apply the Poisson distribution to determine the probability that QAZ will suffer two or fewer auto accidents next year.
Electronic Data Exchange and Electronic Funds Exchange have been active in larger firms for more than 10-years. Determine examples from your research and knowledge where the above tools have greatly improved business efficiency.
Determine the current rate of inflation.
Suppose you are working in the Finance department of an IT corporation. The Vice-President, Finance asks you to conduct action research. As an insider, what will be your focus,
Pete Moran purchased a Dell Laptop Computer priced at $699. He put down 30 percent. Determine the amount of down payment;
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
Suppose you have just taken out a 30 year mortgage on your new home for $120,000. This mortgage is to be repaid in 360 equal monthly installments., If the stated (nominal) annual interest rate is 14.75%,
Butler just came back from his meeting with the training coordinator. They now want to include some additional items in the upcoming training session.
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