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Question 1: You want to buy an automobile that costs $30,000. You have $5,000 for a down payment and have to borrow the rest of the amount. A commercial bank has agreed to extend you a 3 year loan for an annual interest rate of 7%.
a. How large would each annual payment be?
b. Construct an amortization schedule.
Question 2: You are considering a 15 year, $1,000 par value bond. Its coupon rate is 8%, ad interest is paid semi-annually. If you require an "effective" annual interest rate (not a nominal rate) of 9.16%, how much should you be willing to pay for the bond?
see buffalo wild wing 2011 10-k report locate the statement of management responsibility and the report of the
Compute production costs per unit for both approaches and for both quarters.
Decide if either of these actions is warranted in your particular case and state why you think that way.
The new machine would cost $20,000 per year to operate and maintain, but would save $100,000 per year in labor and other costs. The old machine can be sold now for scrap for $50,000. The simple rate of return on the new machine is closest to:
magnolia inc. manufactures bedding sets. the budgeted production is for 11900 comforters in 2012. each comforter
sonic corporation purchased and installed electronic payment equipment at its drive-in restaurants in san marcos tx at
George just accepted a job as an apartment manager and is paid a salary of $28,000 per year. In addition to the salary, he is offered the choice of rent-free use of an apartment or a $500 per month housing allowance. George decides to accept the ..
1.On June 30, 2010, Parks Co. had outstanding 8%, $2,000,000 face amount, 15-year bonds maturing on June 30, 2025. Interest is payable on June 30 and December 31.
while chopping down his fathers cheery tree george discovered that if he swung the axe initially at rest with a speed
a man wishes to prepare the future of his 10year old son. determine the monthly savings that he should make with
at the end of the current fiscal year an analysis of the payroll records of bev company showed accrued salaries of
alright i need help with this if you can tell me how you may have gotten some of your answers ill rate you best answer
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