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Bill purchased a house for $70,000. He put $25,000 down and agreed to pay the rest off over the next 15 years in 15 equal payments that include principal payments plus 12% compound interest on the unpaid balance. What will these equal payments be?
a) How much does he need to borrow. (Should be $45,000)
b) How much will the 15 equal payments be?
Assume that a coupon payment was made yesterday. If the yield to maturity for all three bonds is 8% what is the fair price of each bond?
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Contrast sources and uses of cash referencing using at least two examples of assets and liabilities (four total). Provide examples of how cash is used or provided depending on whether it is categorized as an asset or liability.
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The earnings for Crystal Cargo Corporation have been predicted for the next 5 years and are as follows. There is 1 million shares outstanding.
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