User Account

All Pages

Today you signed loan papers agreeing to borrow 495485 at 9

Assignment Help Finance Basics
Reference no: EM13574837

Today, you signed loan papers agreeing to borrow $4,954.85 at 9% compounded monthly. The loan payment is $143.84 a month. How many loan payments must you make before the loan is paid in full?

Answer

a. 29.89

b. 36.00

c. 38.88

d. 40.00

e. 41.03

Reference no: EM13574837

Questions Cloud

Berg company incurs 320000 overhead costs each year in its : berg company incurs 320000 overhead costs each year in its three main departments setup 20000 machining 220000 and
Your need to repay a loan with a future value of 30407100 : your need to repay a loan with a future value of 304071.00 in 18.5 years. if you can make annual year-end deposits of
If you require an effective annual return of 13 percent on : peter lynchpin wants to sell you an investment contract that pays equal 15000 amounts at the end of each of the next
The standard direct labor cost for producing one unit of : the standard direct labor cost for producing one unit of product is 6 direct labor hours at a standard rate of pay of
Today you signed loan papers agreeing to borrow 495485 at 9 : today you signed loan papers agreeing to borrow 4954.85 at 9 compounded monthly. the loan payment is 143.84 a month.
Discuss some of the issues to be aware of in analyzing and : discuss some of the issues to be aware of in analyzing and comparing commercial aviation accident statistics. remember
Johnson company uses flexible budgets at normal capacity of : johnson company uses flexible budgets. at normal capacity of 14000 units budgeted manufacturing overhead is 60000
On january 1 2011 harrison inc acquired 90 percent of starr : on january 1 2011 harrison inc. acquired 90 percent of starr company in exchange for 1125000 fair-value consideration.
Suppose that a survey of shoppers has been performed in an : q1. suppose that a survey of shoppers has been performed in an area in order to understand their shopping habits and to

Reviews

Write a Review

Finance Basics Questions & Answers

  Interest rate risk is related to its maturity.

Describe how and why a bond's interest rate risk is related to its maturity.

  What is the default risk premium on the corporate bond

A 10-year corporate bond has a yield of 9%. Assume that the liquidity premium on the corporate bond is 0.7%. What is the default risk premium on the corporate bond? Round your answer to two decimal places.

  What is the project’s npv without the option to expand

The risk free rate is 5%.(a) What is the project’s NPV without the option to expand?(b) What is its ROA (real option analysis value) with the option to expand?

  Determining future cost using excel

Acme plans to construct a new manufacturing facility in 14 years. If Acme estimates that today's cost of the new plant is $975318642 and annual inflation is A% (A = 9),

  Bonumeur sa is a french company that produces strollers for

bonumeur sa is a french company that produces strollers for children and is specialized in strollers for twins and

  What is the portfolios expected returns

A portfolio is invested 29.8% in Stock A, 10.9% in Stock B, and the remainder in Stock C. The expected returns are 14.6%, 24.5%, and 8.8% respectively. What is the portfolio's expected returns?

  What level of working capital does blackwell automotive have

It also has accounts receivables of $130,584 and other current assets of $11,223. What level of working capital does Blackwell Automotive have?

  What is the value of the property

What is the value of the property?

  Find the equal series of annual payments

Find the equal series of annual payments that is equivalent to the following series of cashflows if the interest rate is 6%.

  Revenues once the motel is operational it will generate

the stayanight discount motel chain is considering a proposal to build a new motel that would have 150 rooms. revenues

  How large will your deposits need to be

If the stock fund returns 7.5% annually how large will your deposits need to be?(remember , you are placing the same amount into both the fixed and the stock fund, therefore the accts will not have values of 500k each at the end in yr 2035.

  Find the interest paid during the first year

For tax purposes, she needs to know the amount of interest paid during each year of the loan. Find the interest paid during the first year.

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