Calculating the monthly payment

Assignment Help Finance Basics
Reference no: EM13749414

1) A loan of $8000 is to be repaid with monthly payments for three years at 12% interest compounded monthly. Calculate the monthly payment.

A) $211.37

B) $237.00

C) $265.71

D) $264.38

E) none of these

2) On December 31, 1995, a house is purchased with the buyer taking out a 30-year $90,000 mortgage at 9% interest compounded monthly. The mortgage payments are made at the end of each month. Calculate the amount of the monthly payment.

A) $724.16

B) $1356.37

C) $1365.69

D) $1355.91

E) none of these

3) Calculate the amount after five years if $2000 is deposited at 13% simple interest.

A) $3300.00

B) $3791.68

C) $3684.87

D) $3754.27

E) none of these

Solve each problem. Express percents as decimals. Round dollar amounts to the nearest cent.

4) What is the compound amount after three years of $5000 deposited at 8% interest compounded quarterly?

5) In order to have $10,000 in five years, how much would a person have to invest if the money will earn 12% interest compounded semiannually?

6) Specify i, n, R, and F for the following annuity. At the end of each quarter, $100 is deposited into an account paying 4% interest compounded quarterly. The balance after five years will be $2201.90.

7) What is the present value of an annuity of $150 per month for three years if the interest is 12% compounded monthly?

8) How much money must you deposit now at 6% interest compounded monthly in order to be able to withdraw $200 at the end of each month for 10 years?

Reference no: EM13749414

Questions Cloud

Understand the meaning of life cycle : a) Understand the meaning of life cycle (It applies globally, not just in the US) . What may be in the maturity phase in the US may still be in the growth phase in Europe or in third world countries b) Is it a new and growing industry; or an industry..
Compare the performance of the two projects : Analyze and compare the performance of the following two projects in terms of cost, schedule, and efficiency. Make sure to show your calculations and analyze and explain the results
Provide a short personal and professional bio of douglas mcg : Provide a short personal and professional bio of Douglas McGregor. Identify his findings that were of significant influence, and relate his contributions to the study of management. Explain how their respective contributions can be seen in the contem..
Leadership problem facing organizations : Individual Research Reports. Each of you will be expected to investigate a current Leadership problem facing organizations today.
Calculating the monthly payment : A loan of $8000 is to be repaid with monthly payments for three years at 12% interest compounded monthly. Calculate the monthly payment.
Demonstrates how an organization operates : Planning and Organizing A management plan is a model that demonstrates how an organization operates on a day-to-day basis as well as over the long run. A management plan includes numerous sections that cover various aspects of the business.
Determine the most effective advertising medium : Determine the most effective advertising medium for a company in the selected product category. Support your response with two (2) examples of the effectiveness of the chosen medium.
Discuss value and security risks of virtual private network : Discuss the value and security risks of virtual private network (VPN) usage. Discuss how an organization can enable business needs while limiting risk with proper use of VPNs and related solutions, such as desktop virtualization. 200 words
Privacy and social media : Privacy and Social Media-With the increasing use of social media, many employers are considering new ways in which to screen potential employees

Reviews

Write a Review

Finance Basics Questions & Answers

  Compute the appropriate discount rate

The NuPress Valet Corporation has an improved version of its hotel stand. The investment cost is expected to be $72 million and will return $13.5 million for five years in net cash flows.

  Which of the following has the most severe consequences

For a public corporation, which of the following has the most severe consequences?

  What range of share prices do you estimate based on the

Suppose that Fossil, Inc., has an enterprise value to EBITDA multiple of 9.73 and a P/E multiple of 18.4. What share price would you estimate for KCP using each of these multiples,based on the data for KCP in Problems 23 and 24?

  After that the dividend is projected to increase by 5

new gadgets is growing at a very fast pace. as a result the company expects to pay annual dividends of 0.55 0.80 and

  Determine nominal annual rate of return

Carter's preferred stock pays a dividend of $1.00 per quarter. If the value of the stock is $57.50, determine its nominal annual rate of return?

  What is the discounted payback period

The initial outlay or cost for a four-year project is $1,000,000. The respective cash inflows for years 1, 2, 3 and 4 are: $500,000, $200,000, $300,000, $300,000. What is the discounted payback period if the discount rate is 10%?

  What will earnings per share be subsequent to the merger

earnings per share. the following data concerning companies a and b are presentedcompany acompany bnet

  Compute break even point for leverage between debt

You are comparing two possible capital structures for a firm. The first option is an all-equity firm. The second option involves the use of $3.8 million of debt.

  What is the value of the stock today

Assuming the dividend will grow at a constant rate of 5 percent per year once the payments begin, what is the value of the stock today?

  What percentage increase money supply should central bank

If the objective is to keep the price level the same next year (i.e., no inflation), what percentage increase in the money supply should the central bank plan for?

  What is the cross-rate of swiss francs to euros

Suppose the exchange rate between U.S. dollars and Swiss francs is SF 1.41 = $1.00, and the exchange rate between the U.S. dollar and the euro is $1.00 = 1.64 euros. What is the cross-rate of Swiss francs to euros?

  Compute the contribution margin

Atlantic Airlines has a profit before taxes of $1 million flying at 80% of capacity with revenue of $100 million, fixed cost of $69 million and variable cost of $30 million.

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