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Maria is trying to decide whether she should consolidate her 3 personal loans into one loan. The credit union is currently offering her 7% for a consolidation loan. The three she currently has have three different rates. Her loan with M&T is at 6% and has a balance of $10,000; Her loan with WSFS is at 11% and has balance of $6,000; Her loan with Americas Bank is at 8% and has a balance of $25,000 for a total of $41,000 in loans. Should Maria consolidate her personal loans to the 7% offered by the credit union?
Change in accounting estimate
Write about Financial market in Iceland
Ted was hired by In Flite, Inc. to purchase an airplane on its behalf. Without mentioning that he was making the purchase on behalf of the principal, In Flite, Ted bought a Cessna 310 from Sam. 2 weeks later, In Flite declared bankruptcy and cannot n..
This is a comparison of market yields on securities, assuming all characteristics except maturity are the same.
1. identify the key criteria and considerations that need to be taken into account in evaluating bfsi entry in the
questionpart aa number of investigations have been undertaken into use made by shareholders of the annual reports of
Time Value of Money calculations always use compound interest - You must adjust the interest rate and the number of periods to be consistent with compounding periods.
What is the monthly principal and interest payment on a $170,000 15 year mortgage at 5.5% interest? Mary and Carlos want to buy a $400,000 house. They have $50,000 for a down payment. Their lender is offering them a 30 year mortgage at 6.2%. What is ..
What is the effective annual rate of 5.25 percent compounded continuously?
Post card depot, a large detailer of post cards orders 7,664,874 post cards per year from its manufacturer. Post card depot plans on ordering post cards 12 times over the next year. Post card depot receives the same number of post cards each time it ..
Elly's hot dog emporium is famous for its chilidogs. Elly's latest sales indicate that 25% of the customers ordering her chilidogs order it with hot peppers. Suppose 17 customers are selected at random. What is the probability that fifteen or more cu..
The Farmer's Market recently announced that it will pay its first annual dividend two years from today. The first dividend will be $0.50 a share with that amount doubling each year for the following two years. After that, the dividend is expected to ..
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