Payment in advance will be required to pay off this loan

Assignment Help Business Management

Reference no: EM13720178

A $716,047 warehouse if being purchased by your company. The deal requires a down payment of 101,343 with the remainder of the purchase price paid over 20 years, payments in advance. The annual interest rate applicable is 6.76. What monthly payment in advance will be required to pay off this loan?

Reference no: EM13720178

Questions Cloud

Which option is best for each repayment period and why : You are going to finance a new vehicle that costs $30,000. You have the option of taking$2500 cash back or a 2.5% financing package. You can borrow money at 7.50%. Both options allow repayment over 3, 4 or 5 years on a monthly basis. Which option is ..

Explain how three cinematic techniques : Select a movie from AFI's 10 Top 10 lists and explain how three cinematic techniques and/or design elements have helped establish a major theme in that film. Note: While you are allowed to choose a film that does not come from the AFI lists, you..

Required rate of return on a bond : You have discovered that when the required rate of return on a bond you own fell by 0.5 percent from 8.3 percent to 7.8 percent, the fair present value rose from $955 to $975. What is the duration of this bond? Assume annual payments.

What do you the man means by exprssion mind eyes : what do you the man means by exprssion''mind eyes''

Payment in advance will be required to pay off this loan : A $716,047 warehouse if being purchased by your company. The deal requires a down payment of 101,343 with the remainder of the purchase price paid over 20 years, payments in advance. The annual interest rate applicable is 6.76. What monthly payment i..

What are the tensions in the two strings : A 50-gram ruler is suspended from two strings, attached at 10cm and 80cm. (See figure) A mass m = 150 g is suspended from the 30cm point. The ruler is in equilibrium. What are the tensions in the two strings

What is the projects mirr : Project X costs $1,000, and its cash flows are the same in Years 1 through 10. Its IRR is 18%, and its WACC is 10%. What is the project's MIRR? Round your answer to two decimal places.

Maintenance costs problem : Battery “A” costs $5000 and lasts 3 years. Maintenance costs will be $300 per year, and there is a one-time disposal cost of $400 at the end of three years. Battery “B” costs $8000 and lasts 5 years. Maintenance costs will be $200 per year, and there..

Analysis of the impact of routine hiv screening : An Analysis of the impact of routine HIV screening on the incidence of HIV /AIDS' is a topic.

User Account

All Pages