User Account

All Pages

Amount of quarterly payments on the loan

Assignment Help Finance Basics
Reference no: EM131050263

Sue wants to buy a car that costs $ 12,000. She has arranged to request your credit union for a loan for the total to a simple interest rate of 12%. The loan requires quarterly payments over three years. If the first payment is due within three months (one quarter) after buying the car , what is the amount of quarterly payments on the loan will be Sue ?

a. 1,205.55
b. 1,265.55
c. 1,105.55
d. 1,505.55

Reference no: EM131050263

Questions Cloud

Affected if outside debt financing is used instead of equity : Mike Bloom has just received a golden handshake of $5 million from his former partners. His plan is to use the money to start a new financial information service, and he is willing to invest all of the money, if necessary. His goal is to realize an a..
Correctly answer exactly six questions : A student randomly guesses at a 12-question, multiple-choice test where each question has 5 choices. What is the probability that the student will correctly answer exactly six questions?
Rate of risk-free yield : ZR Corporation has a beta coefficient 1.8 dea and required rate of return of 16 %. If the expected market return is 10 % , what is the rate of risk-free yield , RRF?
How much would you remain at the end of six years : The cost of an automobile is $10,000. If the interest rate is 5%, how much would you have to set aside now to provide this sum in five years? You have invested $60,476 at 8%. After paying the above school fees, how much would you remain at the end of..
Amount of quarterly payments on the loan : If the first payment is due within three months (one quarter) after buying the car , what is the amount of quarterly payments on the loan will be Sue?
Six of his next eight free-throw attempts : Michael Jordan makes 80 percent of his free throws. What is the probability that he will make at least six of his next eight free-throw attempts?
Title of highest performance : The preferred shares are perpetual , they paid a dividend of $ 2 each quarter and sold at $ 95 per share. What is the effective annual yield ( EAR ) on the title of highest performance?
Draw an earned value chart for the end of the first week : Draw an earned value chart for the end of the first week (5 days) assuming the time proportionality rule for the project illustrated in the following network diagram given the following costs and percentage completions:
Follows a poisson distribution with a mean : The number of times that Debbie proves me wrong each month follows a Poisson distribution with a mean of 2.5 times. What is the probability that "she who is never wrong" will fail to prove me wrong next month?

Reviews

Write a Review

Finance Basics Questions & Answers

  What are the benefits to boeing of outsourcing

What are the benefits to Boeing of outsourcing so much work on the 787 to foreign suppliers? What are the potential risks? Do the benefits outweigh the risks?

  How much cash would be freed-up

By how much would pre-tax profits change? Round your answer to the nearest cent.

  The campbell company is evaluating the proposed acquisition

the campbell company is evaluating the proposed acquisition of a new milling machine. the machines base price is 108000

  Question regarding the economic and influential footprint

Mergers are a way in which a company can grow its economic and influential footprint. They are, however, complex. If you were advising your Board of Directors on the pros and cons of a particular merger being considered

  The kaizen strategy can be used for an ongoing improvement

the kaizen strategy can be used for an ongoing improvement process and to evaluate total quality control and make

  Department of a large corporation

The finance department of a large corporation has evaluated a possible capital project using the NPV method, the Payback Method, and the IRR method. The analysts are puzzled, since the NPV indicated rejection, but the IRR and Payback methods both..

  Identify two financial intermediaries

Identify two financial intermediaries. What are their respective functions? What are their major roles in the economy?

  While you were visiting london you purchased a jaguar for

while you were visiting london you purchased a jaguar for pound35000 payable in three months. you have enough cash at

  Wolinsky corporation is considering a public issuance of

wolinsky corporation is considering a public issuance of its securities. the average pe ratio in the industry is 12.

  Computing gross profit of the project

Must you project that firm gross profit will rise next year? If you project that gross profit will rise is the increase a result of volume growth price growth or both?

  What are the portfolio weights of each stock

1.If you own 300 shares of Alaska Air at $42.88, 350 shares of Best Buy at $51.32, and 250 shares of Ford Motor at $8.51, what are the portfolio weights of each stock? Round your answers to 3 decimals places.

  If you deposit 3500 today into an accoun earning an 11

if you deposit 3500 today into an accoun earning an 11 percent annual rate of return what would your account be worth

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd