How much interest will you pay to bank over life of loan

Assignment Help Electrical Engineering

Reference no: EM131200649

You are a big financial success and you want to purchase the Remlab Company for $35 billion. You have $5 billion in cash, but need to borrow the remaining $30 billion from your friendly banker. You banker says fine, I'll lend you the money for 10 years, but at 7.5 percent annual interest compounded quarterly. How much interest will you pay to the bank over the life of this loan?

Reference no: EM131200649

Questions Cloud

Provide a high-level analysis of companys business strategy : Provide a high-level analysis of the company's business strategy and operating performance. Be sure to complete the Analysis of the company value proposition, market position, and competitive advantage.

Describe the extent to which library provides literature : Describe the extent to which it provides literature and computer support for the technologies-in particular, electricity, electronics, electromagnetics, and computers.

What is the difference in the cost of the loan : You wish to borrow $100,000 for 10 years at 5.0 percent annual interest. What is the difference in the cost of the loan if it is compounded yearly, monthly, or daily?

Which bank has the better deal : Another bank offers you the loan at 4.75 percent interest compounded monthly. Which bank has the better deal?

How much interest will you pay to bank over life of loan : How much interest will you pay to the bank over the life of this loan?

How are journalists captives of the personal values : How are journalists captives of the personal values and biases they bring to their work? Provide an example of this through a video clip or story?

Find the annual value of total construction : Using any Internet source, find the annual value (current dollars) of Total Construction Put in Place in the United States for the three most recent years as reported by the U.S. Census Bureau.

What is its bep for the pi : In Example 16.7, it turns out that the new process does not save one cent per unit. It only saves 0.3 cents per unit. What is the new BEP, and was it worth the expense to make this improvement?

Prepare a flow process chart for precutting the chords : Prepare a flow process chart for precutting the chords of the roof truss using a single table-mounted power saw.- The subject to be charted is material.

User Account

All Pages