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Mary's credit card situation is out of control because she cannot afford to make her monthly payments. She has three credit cards with the following loan balances and APRS: Card 1, $4300, 21%; Card 2, $5800, 24%; and Card 3, $3400, 19%. Interest compounds monthly on all loan balances. A credit card loan consolidation company has captured Mary's attention by stating they can save Mary 26% per month on her credit card payments. This company charges 15.5% APR. Is the company's claim correct? Assume a 10-year repayment period.
a) What is Mary's current min monthly payment?
b) What is Mary’s min monthly payment after loan consolidation?
How can options sell for more than their exercise value and whats wrong with using payback period? What should we use instead? Why?
you have been hired as an outside consultant by a board member of ipc to help with assisting the company strategy in
The added production would require an increase in working capital in the form of stocks, valued at cost, of £300,000. The tax rate is 20 per cent and the required rate of return is 18 percent. Determine the net present value of the investment, sp..
Does the IMF have more control over pegged exchange rate prior to 1971, than it does today over floating exchange rate?
Calculate with explanation the unit costs of the souvenirs. You should state your assumption, if any and determine the priceof the souvenirs and explain any other information that might be relevant for deciding the price
What annual rate of return is earned on a $3,200 investment when it grows to $6,900 in twenty years?
What is the yield to maturity of a 23 year bond that pays a coupon rate of 8.25% per year and has $1,000 par value and is currently priced at $1,298.05. Assume semi-annual coupon payments. Round the answer to two decimal places in percentage form.
What is the weighted average expected rate of return for all investments made in January and what is the weighted average actual rate of return for all investments ending in December?
let's say you buy a 12% coupon (paid semi-annually), AA-rated, $1000 par value coupon bond for $1100 when it has 16 years left until it's maturity. You re-invest the coupons at an annual rate of 6% and sell the bond off after 6 years, when its yield ..
What is the difference between pro forma financial statements and a cash budget? Explain why pro forma financial statements are not used to forecast cash needs.
The wall street journal reported that yesterday dow chemical Co. closed at $62 per share. Based on the last 12 months, DOW had a P/E ratio of 11 and a dividend per share of $1.40. Earnings are expected to grow at an 8% compound rate. Since DOW recent..
What is the required rate of return if the market risk premium increased to 20% because of the increase in investors' risk aversion assuming that the return on the risk-free asset remains the same as in question 2 above.
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