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Question: A new company financed their office furniture through the furniture dealer from which he bought it. The dealer's terms allowed the company to defer payments (including interest) for six months and then to make 36 equal end-of month payments thereafter. The original note was for $12,000, with interest at 12% compounded monthly. After 26 monthly payments. The new company owners find the company in a financial bind and went to a loan company for assistance. The loan company offered to pay the debts in one lump sum provided that they will get paid $204 per month for the next 30 months.
a. Determine the original monthly payment made to the furniture store.
b. Determine the lump-sum payoff amount the loan company will make.
c. What monthly rate of interest is the loan company charging on this loan?
Round Rock National's correspondent, Citicorp, offered to arrange a swap with $1,000,000 principal that would allow Round Rock to receive interest at 1% over LIBOR and pay at 1% over T-bill. Is the swap attractive to Round Rock National?
The company is currently financed with 50 percent debt and 50 percent equity (common stock, par value of $10). In order to expand the facilities.
Suppose you are planning hiring an investment advisor to help you manage your portfolio. This advisor tells you that she has consistently "beaten the market" over the last five years.
Set up an amortization schedule for a $25,000 loan to be repaid in equal installments at the end of each of the next 5 years. The interest rate is 10%, compounded annually, and the annual payment is $ 6,594.94.
One of your best friends, who is in 20% marginal tax bracket, is planning to buy a Condo selling for $ 140,000. Your friend's plan is to make a down pmt
A 20-year project produces annual cash flows of $12,000 from year 1 to year 20. If the payback period is exactly 12 years, what is the NPV of this project? Assume a 10% annual discount rate.
What kind of an organization can you identify where management paid close attention to workplace attitudes?
How much will the total taxes of Western Exploration Corp. be reduced as a result of the tax loss carryforward? (Do not round intermediate calculations).
Which of these events hurts U.S. exporters more? Explain. - How would the answer be different if currency futures did not exist?
the robinson company had a cost of goods sold of 1000000 in 2011 and 1200000 in 2012. a calculate the inventory
If all the current assets were liquidated today, the company would receive $2.6 million cash. What is the book value of Klingon's assets today? What is the market value?
Big Oil, Inc. has a preferred stock outstanding that pays a $7 annual dividend. If investors' required rate of return is 10 percent.
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