How much will each annual payment be

Assignment Help Finance Basics
Reference no: EM131419664

Big Brothers, Inc. borrows $395,154 from the bank at 18.22 percent per year, compounded annually, to purchase new machinery. This loan is to be repaid in equal annual installments at the end of each year over the next 9 years. How much will each annual payment be?

Round the answer to two decimal places.

Reference no: EM131419664

Questions Cloud

Describe process of conducting the dismissal meeting : Propose three (3) ways that a manager can cope with any negative emotions that may accompany an employee layoff. Describe a step-by-step process of conducting the dismissal meeting
Mad or mse forecast error : If underlying business conditions change in three months (due to internal and/or external factors), could our MAD or MSE forecast error become larger than what we have estimated now?
What is the probability that she can achieve her goal : If she gets 80 new members and they can be considered a random sample of all the museum s members, what is the probability that she can achieve her goal?
How much is net working capital : Building a Balance Sheet Brees, Inc., has current assets of $7,500, net fixed assets of $28,900, current liabilities of $5,900, and long-term debt of $18,700. What is the value of the shareholders' equity account for this firm? How much is net wor..
How much will each annual payment be : Big Brothers, Inc. borrows $395,154 from the bank at 18.22 percent per year, compounded annually, to purchase new machinery. This loan is to be repaid in equal annual installments at the end of each year over the next 9 years. How much will each a..
Calculate the amount of the firm income before tax : Banana Box Corporation has sales of $4,303,350; income tax of $529,712; the selling and administrative expenses of $297,945; depreciation of $323,742; cost of goods sold of $2,956,230; and interest expense of $134,581. Calculate the amount of the ..
What about cash flow to creditors : Cash Flow to Stockholders and Creditors Could a company's cash flow to stockholders be negative in a given year? (Hint: Yes.) Explain how this might come about. What about cash flow to creditors?
Describe methods of improving the compensation package : Explain the role of HRM in ensuring the most competitive compensation package for employees. Describe methods of improving the compensation package of the selected healthcare organization. Explain how your recommendations could enhance recruitment ..
How much will stephanie have at the end of the seven years : If the investments are expected to earn 10.35 percent annually, how much will Stephanie have at the end of the seven years? (Round answer to 2 decimal places, e.g. 15.25.)

Reviews

Write a Review

Finance Basics Questions & Answers

  A memorandum by labor secretary robert reich

A memorandum by Labor Secretary Robert Reich to President Clinton suggested that the government penalize United State companies that invest overseas rather than at home.

  Analysis of the two capital investment alternatives

As a financial analyst at Glencolin International (GI) you have been asked to revisit your analysis of the two capital investment alternatives submitted by the production department of the firm. (Detailed discussion of these alternatives is in the..

  What is the dividend yield

The next dividend payment by ECY, Inc., will be $1.92 per share. The dividends are anticipated to maintain a growth rate of 6 percent, forever. The stock currently sells for $38 per share.

  Why the creditors impose such restrictions on continental

Discuss why the creditors impose such restrictions on Continental.

  Posting strong economic growth

During the 1990s, Mexico and Argentina went from economic pariahs with huge foreign debts to countries posting strong economic growth and welcoming foreign investment. What would you expect these changes to do to their current-account balances?

  What is the basic determinant of tax status in a merger

Merger and Taxes Describe the advantages and disadvantages of a taxable merger as opposed to a tax-free exchange. What is the basic determinant of tax status in a merger? Would an LBO be taxable or nontaxable? Explain.

  Problem related to the exchange rate exposure

Suppose the firm completes a forward hedge at the 90-day forward rate of 1.682 francs. If the spot rate in 90 days is actually 1.638 francs, how much will the U.S. firm have saved or lost in U.S. dollars by hedging its exchange rate exposure?

  Using the list from the back of your textbook for the

using the list from the back of your textbook for the following 6 diagnostic financial performance categories decide

  Explain valuation and susceptibility to bankruptcy measures

Your analysis should include an overview of the company, ratio analysis, valuation and susceptibility to bankruptcy measures. Remember the key here are: durable competitive advantage and margin of safety

  What is the company net income

What is the company's net income for 2015? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.)

  Describe identification of audit errors made by em

Describe Identification of Audit Errors made by EM and Precautionary measures to be taken and There were several unusually large sales that were made near year end

  Describe the currency transaction that omni should undertake

Describe the currency transaction that Omni should undertake to eliminate currency risk over the 30-day period. Calculate the following: The CHF/ZAR cross-currency rate Omni would use in valuing the Swiss equity portfolio. The current value of Omni's..

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!

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