What is amount of the monthly payments

Assignment Help Financial Management
Reference no: EM131583369

A commercial bank will loan you $41,873 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 15.65 percent of the unpaid balance. what is the amount of the monthly payments.

Reference no: EM131583369

Questions Cloud

Balance of current assets on the firm balance sheet : What is the company's total debt? What is the balance of current assets on the firm's balance sheet?
What are the key financial statements to review : What are the key Financial Statements to review?
Pension plan is about to take out ten-year fixed-rate loan : The pension plan is about to take out a 10-year fixed-rate loan for the purchase of an information management system for its operations
Define yield to maturity : Should not-for-profit managers be required to generate economic returns? Define "yield to maturity". Why is it important? A brief answer is appreciated.
What is amount of the monthly payments : what is the amount of the monthly payments.
The dividend is increasing at constant : Shares of common stock of the Samson Co. offer an expected total return of 12.6 percent. The dividend is increasing at a constant 4.8 percent per year. The divi
Advantage of this situation to make riskless profit : Explain exactly how you would take advantage of this situation to make a riskless profit.
Calculate the annual effective interest rate : Determine the Interest rate of the compound sub-period. Calculate the annual effective interest rate.
What is the present value of the annuity : What is the present value of the following annuity $4,554 every half year at the end of the period for the next 10 years,

Reviews

Write a Review

Financial Management Questions & Answers

  What is the external financing

Use the below information to answer the following question. Income Statement For the Year Sales $42,700 Cost of goods sold 29,250 Depreciation 3,750 Earnings before interest and taxes $ 9,700 Interest paid 1,360 Taxable income $ 8,340 Taxes 2,840. Th..

  What is the value of hodges common stock

A security analyst has forecast the dividends of Hodges Enterprises for the next three years. His forecast is D1=$1.50; D2=$1.75; D3=$2.20. He has also forecast a price in three years of $48.50. The rate of return for similar risk common stock is 14%..

  Calculate arbitrage profit per share and construct cash flow

calculate the arbitrage profit per share and construct a cash flow table that describes the trading strategy you would use to exploit the opportunity.

  Financial and business risks within business structure

With any type of business venture there is always risk involved and we have to look at capital structure decisions as we move through changing economic times. What is a business risk and what are some of the factors that influence a firm’s business r..

  What is your dollar return for the past year

One year ago you bought Excellent stock for $81.00 per share. You received four quarterly dividends over the past year of $1.21 each. Now the stock is selling for $73.00 per share. What is your dollar return for the past year? What is the dividend yi..

  Current after-tax market value of the proposed factory site

Huskers Inc. is considering to build a bowling ball manufacturing facility. Find the NPV and IRR of the project using the information given below: Cost of test marketing already spent: $300,000. Current after-tax market value of the proposed factory ..

  About the effective annual rates

Compute the effective annual rates of the following:

  Bonds make semiannual payments-preferred stock

Information on Janicek Power Co., is shown below. Assume the company’s tax rate is 35 percent. Debt: 10,000 8.6 percent coupon bonds outstanding, $1,000 par value, 25 years to maturity, selling for 96.5 percent of par; the bonds make semiannual payme..

  What is the yield to maturity

A Treasury STRIPS is quoted at 61.159 and has 10 years until maturity. What is the yield to maturity?

  Statement of retained earnings-statement of owner equity

Firm H sold 100,000 units of product at price of $10 per unit. Income Statement-Statement of Retained Earnings-Statement of Owner's equity.

  Expected return and market risk premium

Stock Y has a beta of 1.20 and an expected return of 12.7 percent. Stock Z has a beta of .90 and an expected return of 11.1 percent. If the risk-free rate is 4.5 percent and the market risk premium is 7.1, are these stocks correctly priced?

  The face amount of wrap-around mortgage

If there is no loan origination fee and no discount points, the face amount of a wrap-around mortgage

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!

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