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Currently, you owe the bank $16,475 on a car loan. The loan has an interest rate of 9.25 percent and monthly payments of $285. You realize that you cannot make enough money to keep up with the payments. After talking with your banker and explaining the situation, he has agreed to lower the monthly payments to $225 and keep the interest rate at 9.25 percent. How much longer will it take you to repay this loan than you had originally planned?
A. 3.86 months B. 12.92 months C. 15.18 months D. 31.41 months E. 35.30 months
Please use Ti-84 and the function of "Finance" to achieve the final answer.
You purchase 100 shares of stock for $25 a share. The stock pays a $1 per share dividend at year-end. What is the rate of return on your investment for the end-of-year stock prices listed below? What is your real (inflation-adjusted) rate of return? ..
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Form a portfolio of three shares of stock and five puts. What is the (nonrandom) payoff to this portfolio? What is the present value of the portfolio?
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From the Federal Reserve Bank of St Louis you collect the following data: In real terms, in what year was crude oil was more expensive? Show your calculations and provide a brief explanation.
A stock had returns of 14 percent, 25 percent, and 3 percent for the past 3 years. Based on these returns, what is the probability that this stock will earn at least 25.00 percent in any one given year? 5.0 percent 1.0 percent 2.5 percent 0.5 percent..
from books of aggarwal bors following information has been extracted rs. sales 240000 variable costs 144000 fixed costs
The next dividend for the Upper Growth Company will be $0.50 per share. Investors require a 14% return on companies such as Upper. Upper’s dividend increases by 5% every year. Based on the dividend growth model, what is the value of Upper’s shares to..
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