User Account

All Pages

How much interest payment will be paid on march 31

Assignment Help Finance Basics
Reference no: EM131238277

An individual has a line of credit of $10, 000 at a rate of 8% simple interest, with interest paid at the end of each month for the withdrawal. This person has taken out $7,500 on March 22. The bank uses a 365-day year. How much interest payment will be paid on March 31?

Reference no: EM131238277

Questions Cloud

Will her demand for IHOP pancake become more or less elastic : Suzette Crepe orders pancakes at her local IHOP every morning. When pancakes cost $1.20 per stack, she buys 6 stacks. When the price/stack is $1.80, she buys 5. Microwaveable pancakes become available at Suzette’s grocery store. Will her demand for I..
Which statement is not true about living wages : A ______ is when the overall state of the economy declines, measured by multiple indicators: a decline in the Gross Domestic Product (GDP - the total production of goods and services) for two or more consecutive quarters, an increase in unemployme..
What is the resulting orthonormal uvw basis : Show, that for a perspective transform, line segments that start in the view volume do map to line segments in the canonical volume after homogenization. Further, show that the relative ordering of points on the two segments is the same.
What must the coupon rate be on these bonds : DMA Corporation has bonds on the market with 17.5 years to maturity, a YTM of 6.4 percent, and a current price of $1,037. The bonds make semiannual payments and have a par value of $1,000. What must the coupon rate be on these bonds?
How much interest payment will be paid on march 31 : The bank uses a 365-day year. How much interest payment will be paid on March 31?
Derive incremental form of midpoint line-drawing algorithm : Modify the triangle-drawing algorithm so that it will draw exactly one pixel for points on a triangle edge which goes through (x, y)=(-1, -1).
What is the value of the option to wait : What is the value of the option to wait? (Enter your answer in dollars, not millions of dollars, e.g.. 1,234,567. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
How many bits are needed in that case : How many bits are needed in the z-buffer to ensure there are no visibility errors? Suppose that visibility errors only matter near the viewer, i.e., for distances less than 100 meters. How many bits are needed in that case?
Discuss difficulty with making assumptions in a negotiation : Discuss the difficulty with making assumptions in a negotiation and why information is important to a successful negotiation process for both sides.

Reviews

Write a Review

Finance Basics Questions & Answers

  The service unit or output for this department is the

the service unit or output for this department is the number of procedures performed. a static budget was prepared at

  Examine the relevant consumer behavior

Examine the relevant consumer behavior for your target market. Explain the main reasons why the brand name, logo, slogan, brand extension, as well as the positioning statement and marketing strategy are right for the identified target market.

  Risk and rates of return worksheet

In January 4, 2016 the S&P 500 closed at 2,012.66 points. In February 26 of the same year it closed at 1,948.05. What was the return of the market in that period of time?

  Bidding on treasury bills

We are currently bidding on Treasury bills and have determined that we must have a 5% return for a $1,000 T-Bill that will mature in one year.

  Basic principles of stock options

The maximum gain equals the stock price minus the striking price.

  Total operating expense are 700000 the firm interest

pdq corp. has sales of 3000000 the firms cost of goods sold is 1425000 and its total operating expense are 700000. the

  Compute the withdrawal amount

Lyle O'Keefe invests $37,400 at 8% yearly interest, leaving the money invested without withdrawing any of interest for eight years. At the end of eight years, Lyle withdrew the accumulated amount of money.

  What are the variance and expected return

What are the variance and expected return of an equally weighted portfolio of all five securities?

  Managing corporations and investing

Understanding the differences between the stock market and the bond market is essential to managing corporations and investing. In your discussion, answer the following questions:

  Determining the coupon rate be on the bonds

Problem 1: Kiss the Sky Enterprises has bonds on the market making annual payments, with 16 years to maturity, and selling for $960. At this price, the bonds yield 8.5 percent. What must the coupon rate be on the bonds?

  How decision affect the way the hedge is implemented

Suppose that in Table the company decides to use a hedge ratio of 1.5.  - How does the decision affect the way the hedge is implemented and the result?

  Speculate why the similarities or differences might exist

Next, compare the level of capital spending across the two firms. Point out how the spending was similar and/or different and speculate why the similarities or differences might exist.

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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