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1.Dave borrowed $950 for one year and paid $52.50 in interest. The bank charged him a $4.50 service charge. What is the finance charge on this loan?2.Rebecca wants to buy a new saddle for her horse. The one she wants usually costs $600, but this week it is on sale for $550. She does not have $550, but she could buy it with $60 down and pay the rest in 6 months with 9 percent interest. How much will Rebecca save by buying the saddle this week?3.You can buy an item for $135 on a charge with the promise to pay $135 in 90 days. Suppose you can buy an identical item for $132 cash. If you buy the item for $135, you are in effect paying $3 for the use of $132 for three months. What is the effective annual rate of interest? Ignore interest rate compounding. 4.Dave borrowed $600 on January 1, 2006. The bank charged him a $5.00 service charge and interest was $44.20. He paid the $600 in 12 equal monthly payments, what was the APR?5.Sidney took a $200 cash advance by using checks linked to her credit card account. The bank charges a 3 percent cash advance fee on the amount borrowed and offers no grace period on cash advances. Sidney paid the balance in full when the bill arrived.
How expensive a house can you afford to purchase if you have $23,000 for a down payment and you can afford to pay $1,800 per month on a mortgage, if the mortgage rate is 9% per annum with semi-annual compounding and a 20 year amortization period?
The previous year, its balance related earnings sheet showed $780 million of retained earnings. What were the total dividends paid to shareholders during the most recent year?
A three year bond with 10% coupon rate and $1000 face value yields 8% APR. Supposing annual compouding payment, compute the price of the bond.
A corporation purchased a new factory equipment for $650,000. The machine is expected to be productive for 5 years and, at the end of the five years, it is expected to be worth $50,000 in salvage value.
The sale price of the house is $436,000. With 20% down payments and borrow additional 80% from Wells Fargo with a 30-year, 4.375% fixed-rate mortgage loan. He is expected to pay an equal MONTHLY payment starting from April 2014 for a total of 30 y..
trevor price bought 10-year bonds issued by harvest foods five years ago for 979.13. the bonds make semiannual coupon
Suppose you have asked to participate in a portfolio analysis and investment seminar where you will be providing data to potential investors.
How a zero coupon bond provide profit?
Evaluate the Degree Operating Leverage and the Degree Financial Leverage for the last two years. Did your company increased or decreased the overall risk?
The probability of a boom is 60% while the probability of a recession is 40%. What is the variance of the returns on RTF, Inc. stock?
1. whitewall tire co. just paid a 1.60 dividend on its common shares. if whitewall is expected to increase its annual
Computation of the effective interest rate on the loan payable in due and in advance and calculate Interest is deducted in advance
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