Monthly payments and the total finance charges

Assignment Help Financial Management
Reference no: EM131022941

Patrick would like to know the monthly payments and the total finance charges on the following 2 loans: (Show all work please) A. $30,000, 9%, 36 months B. $30,000, 9%, 48 months explain each

Reference no: EM131022941

Questions Cloud

Tax basis in stock after the distribution : Jayhawk Company reports current E&P of $317,500 and accumulated E&P of negative $295,000. Jayhawk distributed $480,000 to its sole shareholder, Christine Rock, on the last day of the year. Christine’s tax basis in her Jayhawk stock is $99,250. What i..
Setting of accounting standards : Discuss the view that political lobbying could and should be reduced by giving preparers more say in the setting of accounting standards.
Deletion transaction matches a master file record : Which of the series of transactions involving the same item number are permitted using the sequential maintenance program - When the sequential maintenance program starts up, the initial settings of the NEED-TRANSACTION, NEED- MASTER, WRITE-MASTER
Prepare a power point marketing plan : Prepare a Power Point Marketing Plan. Each presentation done professionally, 7 minutes min. - 8 minutes max), minimum of 5 slides.
Monthly payments and the total finance charges : Patrick would like to know the monthly payments and the total finance charges on the following 2 loans: (Show all work please) A. $30,000, 9%, 36 months B. $30,000, 9%, 48 months explain each
Find the new supply equation for this market : Find the new supply equation for this market given the above information. Find the equilibrium price and quantity in this market given the above information. Show your work. Calculate the value of producer surplus in this market. Show your work
What is the total dollar amount they will need at closing : Dick and Jane (and their dog Spot) have just purchased a house and are calculating how much money they will need when the closing day rolls around. The purchase price is $200,000. They will make a 20% down payment, and they must pay 2 points on the l..
Providing legal advice to the president of the company : Providing legal advice to the president of the company concerning a possible merger would be considered a:nit level activitybatch level activityorganization sustaining activity   customer level activity
Calculate the nominal and real returns : Calculate the nominal and real returns for the following corporate bond investment: Purchased for $840 one year ago, 4% coupon rate, sold for $894. The inflation rate was 5.0% during the year. Would you consider this an appropriate investment if Trea..

Reviews

Write a Review

Financial Management Questions & Answers

  Calculate the payback period for this project

Pappy’s Potato has come up with a new product, the Potato Pet (they are freeze-dried to last longer). Pappy’s paid $135,000 for a marketing survey to determine the viability of the product. It is felt that Potato Pet will generate sales of $590,000 p..

  Which alternative is better deal

Suppose you are going to buy a car. The cost of car is $24,000. You have $10,000 for down payment. You can borrow the balance of $14,000 from dealership’s finance company at 3% APR, with monthly payment for 36 months or you can borrow from a bank wit..

  What is the new market value of company

Rights Offerings Again, Inc... Is proposing a rights offering. Presently, there are 490,000 shares outstanding at $75 each. There will be 80,000 new shares offering at $71 each. a) What is the new market value of the company?

  What is the market value of their total assets

Adelle’s Phone Answering Service’s balance sheet lists net fixed asset as $24 million. The fixed assets could currently be sold for $18 million. Hoffa’s current balance sheet shows current liabilities of $9 million and net working capital of $5 milli..

  Discounting approach to the modified internal rate of return

Blue Water Systems is analyzing a project with the following cash flows. The cash flows, in order, are -$236,000 (initial cost), $137,400 (year 1 CF), $189,300 (year 2 CF) and -$25,000 (year 3 CF). Should this project be accepted based on the discoun..

  Compute the market value of the bonds

(Cost of debt) Gillian Stationery Corporation needs to raise $569,000 to improve its manufacturing plant. It has decided to issue a $1,00 par value bond with an annual coupon rate of 8.4% with interest paid semi-annually at 15-year maturity. Investor..

  Considering production of a lighted world globe

The Falling Snow Company is considering production of a lighted world globe that the company would price at a markup of 0.30 above full cost. Management estimates that the variable cost of the globe will be $70 per unit and fixed costs per year will ..

  Stock has an expected return

A stock has an expected return of 12.15 percent, its beta is 1.31, and the expected return on the market is 10.2 percent. What must the risk-free rate be?

  Making plans for summer vacation

Jane Chang is making plans for a summer vacation. She will take $1,000 with her in the form of traveler’s checks. From the newspaper, she finds that if she purchases the checks by May 31, she will not have to pay a service charge.

  What path does par bond flat price take in coupon payment

Why should a coupon paying bond be viewed as a portfolio of zero-coupon bonds? What path does a par bond’s flat price take between coupon payment dates if the discount rate is unchanged?

  Take for credit customers to pay off their accounts

The Home Supply Co. has a current accounts receivable balance of $280,000. Credit sales for the year just ended were $1,830,000. How many days on average did it take for credit customers to pay off their accounts during this past year?

  Analyze the financial statements of urban outfitters

This assignment provides you the opportunity to analyze various transactions using T-accounts and utilize the information to prepare a classified balance sheet. In addition, you will utilize the new concepts learned in this chapter to further analyze..

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