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Value of the vehicle V depreciates T Months later V=10,000(.95)^t [for 0<T<36] How much is the depreciation? (those are less than or equal to signs) I already did the amort. portion. I need help with the depreciation. *The value should be 10,000 not 1000 as indicated in the problem.
I have a Finance problem. It is time to get a trade-in on your current vehicle. You go to the nearby dealership and see the vehicle of your dreams, worth $13,000. Your original car (all paid off) is worth $1000, and you trade it in. You also make a down payment of $2000 toward the vehicle you are buying. For doing this, you will qualify for a 3-year loan with an interest rate of 6% on the remaining $10000 balance.
The purpose of this problem is to make an amortization schedule for this 3-year loan. The minimum monthly payment required for this amortization is $304.22. Now, set up a table, so that you can show how much of each payment goes to interest and principal, as well as what is still unpaid. You may have to adjust the final monthly payment by a little bit. How much interest is paid overth the entire 3-year period? Finally, the value of the vehicle V depreciates, and its value T months later is calculated as V=10000(.95)^t [for 0,T,36]. How much is the car worth at the end of the 3 years? Compare your column of principal balances with the car's value after each month. What do you notice when you do the comparison month after month?
Trying to find how to calculate the effective annual interest rate on commercial paper when business sold an issue of 30-day paper with fact value of $5,000,000 and the frim received $4,958,000.
A equipment originally had an estimated useful life of 5 years, but after 3 complete years, it was decided that the original estimate of useful life should have been ten years.
Calculation of yield to maturity and The bond has an 8 percent semiannual coupon and a par value of $1,000
Determine the cash conversion cycle for a firm with $3 million average inventories, $1.5 million average accounts payable, a receivables period of 40 days
Explain the content and the purpose for the HUD-1 Settlement Statement is used by conventional and government insured lenders in the US.
In the Finance Industry, make a Web search and identify business fields in which different positions exist for that function. Identify at least 5 positions related to the function of a finance investor.
You and your best friend have decided to quit your jobs, turn in your retirement, and purchase your own restaurant. In your market area there are a lot of restaurants, and you've looked at several that were available for sale.
What are the main challenges of global financial management? What is foreign exchange risk management? Is it important for companies going international? Why?
Provide a brief description of Visa, its main business and operational activities. Provide a short synopsis of the main developments of the company over the past few years.
In a heredity experiment on peas, one sample of offspring contained 410 green peas & 121 yellow peas. Based on those final outcomes, determine the probability of getting an offspring pea that is green.
By using Modigliani and Miller's proposition H. Find out the required return on unlevered equity.
Your insurance agent is trying to sell you an annuity that costs $230,000 today. By purchasing this annuity, your agent promises which you will receive payments of $1,225 a month for next 30 years.
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