About how much is the annual payment

Assignment Help Financial Management

Reference no: EM13849624

You need $275,000 to start a business. A bank will loan you the money at 7.63% for 20 years with annual payments. About how much is the annual payment?

$13,750

$14,799

$27,243

$32,527

Reference no: EM13849624

Questions Cloud

Changes in the money supply appear to have a major influence : Changes in the money supply appear to have a major influence on _____.

Declining stock market index due to lower share prices : A declining stock market index due to lower share prices _____.

About how much is that annuity worth : You will receive an annuity that will pay $16,400 per year for 25 years with the first payment today. If the interest rate is 3.75%, about how much is that annuity worth?

About what would be your annual payment : You have purchased a house for $190,000. A bank will make you a loan at 4% interest for 30 years with annual payments. About what would be your annual payment?

About how much is the annual payment : You need $275,000 to start a business. A bank will loan you the money at 7.63% for 20 years with annual payments. About how much is the annual payment?

Beta of portfolio-what is expected return on the market : What is the beta of a portfolio whose expected return is 10% when the risk-free rate is 3% and the market risk premium is 5%? What is the expected return on the market?

What is the reward-to-volatility ratio of the fund : You are the portfolio manager for a mutual fund. Your fund has an expected return of 15% with a standard deviation of 24% and the T-bill rate is 3%. What is the reward-to-volatility ratio (Sharpe ratio) of the fund? What is the expected rate of retur..

T-bills are risk-free : Given the utility function U = E(r) – 0.5Aσ2 and the fact that T-bill offer a risk-free rate of 4%, what is the minimum value for the risk-aversion coefficient A where an investor prefers the T-bills to an investment returning 10% with a standard dev..

A mutual fund with a year-end net asset value : A mutual fund with a year-end net asset value (NAV) = $15.00 per share began the year with a NAV = $16.00 and returned 6% to its investors over the year. How is this possible?

User Account

All Pages