Calculate the total interest and fees casey

Assignment Help Business Management
Reference no: EM131290614

Casey's One Stop has been approved for a $177,500 loan commitment from its local bank. The bank has offered the following terms: term = one year, up-front fee = 85 basis points, back-end fee = 50 basis points, and rate on the loan = 8.28 percent. Casey's expects to immediately take down $172,000 and no more during the year unless there is some unforeseen need.

Calculate the total interest and fees Casey's One Stop can expect to pay on this loan commitment. (Round your answer to 2 decimal places.)

Reference no: EM131290614

Questions Cloud

Construct the outline of your entire formal proposal : Background of the Problem - brief description of problem and the importance of solving the problem and statement of Purpose - What is the purpose of the proposal?
New smart phone for personal calls and e-mails : You have just been issued a new company smart phone (to make sure you never miss an important e-mail or phone call). Are you now obligated to answer those calls and e-mails at any time, day or night? Why or why not? Would you use that new smart ph..
Fads as the basis for generalizations : The textbook discusses a) stereotypes, b) ethnocentrism, c) degree of economic development, and d) fads as the basis for generalizations about country-of-origin (COO) effect on product perception. Explain each and give an example how each can be u..
Apply emerging information technology to business : Reflect on what you have learned from this part of the course. Write two paragraphs about how the knowledge you have gained will help you to "assess, evaluate, and apply emerging information technology to business". Shape your writing around the k..
Calculate the total interest and fees casey : Calculate the total interest and fees Casey's One Stop can expect to pay on this loan commitment. (Round your answer to 2 decimal places.)
Discuss the hierarchy of american values including wealth : Based on your own experience, and on commercials, sitcoms, talk shows, etc., discuss the hierarchy of American values including wealth, physical beauty, power and fame, creativity, and independence.
Information that the security team gathered be handled : Read Case 9.3: She Snoops to Conquer, located here or on page 346 in your textbook then respond to the following questions. Do employees have a right not to be spied on? If you were the owner of the store, how would you view Jean's actions? How sh..
Subcontractor to do the mowing : Jack owns a lawn mowing company. His company contracts to provide lawn mowing services to Rachel. Jack hires a subcontractor to do the mowing. Which of the below statements is correct?
How can we reduce poverty in the united states : How can we reduce poverty in the United States?Will receiving a college degree improve your career opportunities?

Reviews

Write a Review

Business Management Questions & Answers

  How to effectively get the business

Explain to new salesperson the differences among types of purchases and how to effectively "get the business" for all three types of purchases.

  Building blocks of an innovative organization

Management fundamentals may produce the building blocks of an innovative organization. Explain how the first step is formally integrated for the innovation.

  What is the addition to retained earnings

Billy's Exterminators, Inc., has sales of $740,000, costs of $288,000, depreciation expense of $40,000, interest expense of $30,000, a tax rate of 35 percent, and paid out $65,000 in cash dividends. What is the addition to retained earnings? (Do n..

  Microchip technologies eliminates

Sales Commissions Mitch Little started to question the conventional wisdom on sales commissions in the late 1990s, shortly after he became vice president for worldwide sales and applications at Microchip Technologies, a large semiconductor compan..

  Different levels of profitability at different points

Provide a well-organized and persuasive argument supporting 1 of these two arguments that is most relevant to a global manager.

  Illustrate what must be disclosed with respect to mortgage

The highest prices for which real property can be sold. Illustrate what must be disclosed with respect to a mortgage?

  Eligibility requirement for medicaid in virginia

He qualifies because of age (ABD) (VDSS, 2016).  She does not qualify for Medicaid because she does not meet the criteria above. 1B Income includes Social Security benefits, pensions, wages, interest, dividends, etc. Your countable income must be n..

  Addresses a training needs assessmentexplain what is a

addresses a training needs assessment.explain what is a training needs assessment and what are the steps for completing

  Forecasting in planning and management

Conduct research to show how forecasting plays a role in planning and operations management within organizations

  Current manufacturing operations

J&M manufacturing plans on purchasing a new assembly machine for $30,000 to automate one of its current manufacturing operations. It will cost an additional $2500 to have the new machine installed. With the new machine, J&M expects to save $12,000..

  Alternative regarding the provision of ultrasound services

Estimate the base case cost of each alternative regarding the provision of ultrasound services. (For now, ignore the discount if three units are purchased.)

  International competitors within the chosen industry

Select one (1) global industry, such as the automobile or cell phone industry. Next, use the Internet to research three (3) major international competitors within the chosen industry. Take note of manner in which the popular international business..

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