What is the unpaid balance after the first payment

Assignment Help Finance Basics
Reference no: EM13288627

You take out an amortized loan for $3,000 at an interest rate of 9% for five years. Your monthly payments are $62.28. If $22.50 of the first payment goes toward interest and $39.78 of the first payment goes toward the principal, what is the unpaid balance after the first payment?

Reference no: EM13288627

Use excel cell formulas

Basic finance course assignment. 4 out of the 5 questions are already answered. You job is to answer question 5 and to show all working for questions 1-4. The deadline and pri

Computation of dividend yield of a company

One year ago, Bob Sakamano invested $10,400 in 200 shares of Vandalay Industries stock and just received a dividend payment (total) of $600. What was Vandalay Industry's div

What are cisco net income

Cisco Systems has totalassets of $35.594 billion, total debt of $9.678 billion, and netsales of $22.045 billion. Their net profit margin for the year was 20 percent, while t

Driving growth and sustainability of mobility industry

Nokia is a world leader in mobile communications, driving the growth and sustainability of the broader mobility industry. Nokia connects people to each other and the informati

Why might the levels of values in altman model appropriate

Why might the levels of values in Altman's model be more appropriate for predicting bankruptcy and changes in values in Beneish's model be more appropriate for identifying ear

Administration of the us social security program

Research the development and administration of the U.S. Social Security program. Include its history, current structure, and calculation of benefits; also, include other ben

Question regarding the fixed coupon bond

A fixed coupon bond which has 20 years left until maturity has a coupon rate of 6.0% paid semiannually. If the yield of this bond is 6.2 the bond's price is? Par value is 1,

A spreadsheet using excel or a similar program

Prepare a spreadsheet using Excel or a similar program in which you compute the items listed in parts a, b, and d. Be sure to compute the Yield-to-Maturity (YTM) and Yield-t


Write a Review

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