Calculate the total interest and fees casey one stop

Assignment Help Financial Management

Reference no: EM131359505

Casey's One Stop has been approved for a $327, 500 loan commitment from its local bank. The bank has offered the following terms: term = one year, up-front fee = 90 basis points, back-end fee = 35 basis points, and rate on the loan = 9.50 percent. Casey's expects to immediately take down $310,000 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.

Reference no: EM131359505

Questions Cloud

Calculate net proceeds to renees from the sale of debt : Renee's Boutique. Inc., needs to raise $58.10 million to finance firm expansion. In discussions with its investment bank. Renee's leams that the bankers recommend a debt issue with an offer price of $1,000 per bond and they will charge an underwriter..

Write the given short paper assignment : Write the given short paper assignment.- You have two ideas here, and need to pick one at the end of the process. The worksheet is just to help you organize your ideas.

Brief description of the attribution theory : Post a brief description of the attribution theory you selected. Then describe how the theory you selected explains the behavior of the person in the media. Finally, describe one limitation of the theory in explaining the behavior of the person yo..

What is fords weighted average cost of capital : The market value of Fords' equity, preferred stock and debt are $7 billion, $3 billion, and $10 billion, respectively. What is Ford's weighted average cost of capital if its tax rate is 30%?

Calculate the total interest and fees casey one stop : Casey's One Stop has been approved for a $327, 500 loan commitment from its local bank. The bank has offered the following terms: term = one year, up-front fee = 90 basis points, back-end fee = 35 basis points, and rate on the loan = 9.50 percent. Ca..

Explode the bill of material : You have developed the following simple product structure of items needed for your gift bag for a rush party for prospective pledges in your organization. Assume that there is no inventory on hand of any of the items. Explode the bill of material

Human resources professional and graduate student : As a Human Resources Professional and graduate student, Identify and elaborate on your current and future academic and professional goals. How will the desired degree be relevant to these academic and professional goals? (200 words answer)

Analyze the elements required of a plaintiff to prove : You are employed as a top health administrator at the hypothetical Well Care Hospital in Happy Town. When you were hired, your pre-employment screening involved background checks into any violation of hospital medical misconduct during the last fi..

Change management plan for the organization : Develop a 1,225-word Change Management Plan for the organization. Include how the change affected the human resources function.

User Account

All Pages