User Account

All Pages

Repaid in equal monthly payments at the end of the month

Assignment Help Finance Basics
Reference no: EM13957234

A commercial bank will loan you $49,514 for 5 years to buy a car. The loan must be repaid in equal monthly payments at the end of the month. The annual interest rate on the loan is 17.41 percent of the unpaid balance. What is the amount of the monthly payments? Round the answer to two decimal places. Please show work

Reference no: EM13957234

Questions Cloud

Calculate thermal energy absorbed by the ice for t to melt : A glass contains 0.25kg of water at 0c, 0.15kg of ice, also at 0c, is added to water and it is noticed that after 11 minutes all the ice has melted and all the water is now at 15c. Assuming that the thermal capacity of the glass may be ignored, ca..
Why is the trachea reinforced with cartilaginous ring : Why is the trachea reinforced with cartilaginous rings? what's is asthma? two functions of the nasal cavity mucosa.
Write about categories of sercives that require cryptography : Create a fake business that does e-business and write about its main offerings and services. Write about the categories of information/ or sercives that will require cryptography applications.
Discuss three ways of creating an environment : Discuss three ways of creating an environment that provides psychological comfort for both patient and practiioner when conducting an examination and assessment of the Genitourinary system .
Repaid in equal monthly payments at the end of the month : A commercial bank will loan you $49,514 for 5 years to buy a car. The loan must be repaid in equal monthly payments at the end of the month. The annual interest rate on the loan is 17.41 percent of the unpaid balance. What is the amount of the mon..
Determine the probability generating function of x. : Find the offspring generating function G(s) and the expectation of N.
Set of positive divisors : A is the set of positive divisors of 24, that is A= {1,2,3,4,6,8,12,24}, and the relation R is dividing. If B is the set of positive divisors of 24 except 1, what is the minimal element(s)? smallest element? maximal element(s)? largest element of ..
Why are entrepreneurs willing to supply goods and serices : Why are entrepreneurs willing to supply goods and serices for consumers at attractive price -  Is it because they care personally about the consumers?
Find the complete solution : For this problem state the menthod you used and show the work required to obtain the answer. Find the complete solution to each of the equation problem:

Reviews

Write a Review

Finance Basics Questions & Answers

  Purpose of productivity and innovation credit scheme

Prepare a short write up on any of 2 schemes of PIC. The discussion should clearly spell out the criterions and the benefits accrued to the firm.

  Compute the net present value and profitability index

Compute the net present value and profitability index of a project and with a net investment of $20,000 and expected net cash flows of $3,000

  Estimate the value of the call and put options using the

you are trying to value three-month call and put options on merck with a strike price of 30. the stock is trading at

  What is the maximum amount

Your company has the opportunity to make an investment that promises to pay $24,000 after 6 years. If your company has a required return of 8.5% on this type of investment, what is the maximum amount that the company should pay for the investment? Ex..

  Calculate the risk premium for each of the following rating

calculate the risk premium for each of the following rating classes of long-term securities assuming that the yield to

  Calculate the npv for the following capital budgeting

calculate the npv for the following capital budgeting proposal 100000 initial cost to be depreciated straight-line over

  The campbell company is considering adding a robotic paint

the campbell company is considering adding a robotic paint sprayer to its production line. the sprayers base price is

  On july 1 2011 apache company sold a parcel of undeveloped

on july 1 2011 apache company sold a parcel of undeveloped land to a construction company for 3000000. the book value

  When do you think a research is marketing research discuss

when do you think a research is marketing research? discuss the marketing research as a separate field of research in

  Describe the public nature of the issue

Statement of the Problem: Describe the public nature of the issue or problem addressed by your request. Justify your case through measures of need or demand for services provided through the program, illustrated delivery gaps among for profit, non..

  As of december 31 2012 stone land corporation has assets of

as of december 31 2012 stone land corporation has assets of 3500 and stockholders equity of 1500. what are the

  What is the internal rate of return for a project that has

what is the internal rate of return for a project that has a net investment of 75000 and the following net cash flows

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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