What is the amount of the first annual payment

Assignment Help Accounting Basics
Reference no: EM133115204

Question - Hometown Builders is borrowing $195,000 today for four years. The loan is an interest-only loan with an APR of 7.65 percent. Payments are to be made annually. What is the amount of the first annual payment?

Reference no: EM133115204

Questions Cloud

What is kim total profit : What is Kim's total profit on these three stocks at the end of the first day of trading?
Company retains and attracts key talent : What HR strategies would you recommend implementing now to ensure you company retains/attracts key talent?
Bank compounds interest annually : Assume that you are nearing graduation of your MBA program and have applied for a job with a local bank. As part of the bank's evaluation process, you have been
Community-based patient population : A director within a large integrated health network has expressed interest for a mHealth solution for her community-based patient population.
What is the amount of the first annual payment : The loan is an interest-only loan with an APR of 7.65 percent. Payments are to be made annually. What is the amount of the first annual payment
What grouping of expenses do you believe school uses : What grouping of expenses do you believe school uses? (traditional cost centers; diagnoses/procedures; care settings; other)
Relationship between planning and control : What is the relationship between planning and control? What are the four leadership styles as outlined by James McGregor Burns (1978)
What is the advantange investment : What is the advantange investment to country development
Identifying commercial borrowers and directors : When identifying commercial borrowers and directors, legislative requirements concerning AML/CTF verifications must be met. What checks would you complete to me

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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