User Account

All Pages

Expect to pay on this loan commitment

Assignment Help Finance Basics
Reference no: EM131872352

Casey's One Stop has been approved for a $297,500 loan commitment from its local bank. The bank has offered the following terms: term = one year, up-front fee = 65 basis points, back-end fee = 40 basis points, and rate on the loan = 8.25 percent. Casey's expects to immediately take down $283,000 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. (Round your answer to 2 decimal places.)

Reference no: EM131872352

Questions Cloud

Estimate the revenue expense and gross profit : Estimate the revenue, expense, and gross profit reported from these contracts in the year that the revenue is recognized
Conduct research on the current state of social security : Conduct research on the current state of Social Security. Based on your research, write a three-to-five page paper (not including the title and reference pages)
Federal-plus-state income : Edwards Electronics recently reported $10,125 of sales, $4,950 of operating costs other than depreciation, and $1,125 of depreciation.
Estimated required rate of return on woidtke stock : What is the estimated required rate of return on Woidtke's stock?
Expect to pay on this loan commitment : Calculate the total interest and fees Casey's One Stop can expect to pay on this loan commitment
Should the company accept the special order : Since the potential customer approached the firm, there will be no variable marketing costs incurred. Should the company accept the special order
Expected to pay a dividend : The appropriate rate of return on this stock is 15 percent per year, and the stock consistently goes ex-dividend 30 days before dividend payment date.
Defining nurture employee-employer relationship : Why should we continue to nurture the employee-employer relationship? Why is the labor relations aspect of HR so vital to the maintenance of the employees?
Sufficient for you to repay the short term loan at that time : You expect to receive a payment one year from now which would be exactly sufficient for you to repay the short term loan at that time.

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd