What is the annual opportunity cost of a checking account

Assignment Help Financial Management

Reference no: EM13847066

What is the annual opportunity cost of a checking account that requires a $300 minimum balance to avoid service charges? Assume an interest rate of 3%.

Reference no: EM13847066

Questions Cloud

Calculate the internal rate of return for project : You are considering a an investment in a project with a life of eight years, an initial outlay of $120,000, and annual after-tax cash flow of $52,000. Calculate the payback period for this project assuming cash flows are evenly distributed across the..

Explain the process of forward chaining : Explain the process of forward chaining

Kind of strategy-recommend product standardization : What kind of strategy would you recommend for Xiaomi’s international expansion? Would you recommend product standardization or localization?

Write and implement a matlab program to apply 3 x 3 mask : Write and implement a matlab program to apply 3 x 3 mask

What is the annual opportunity cost of a checking account : What is the annual opportunity cost of a checking account that requires a $300 minimum balance to avoid service charges? Assume an interest rate of 3%.

Assuming its historical return on assets-currently stand : Assuming IBM’s historical “LT (Long-term Debt/Equity) is 100 percent, how does it currently stand? Generally speaking, is that good or bad? Assuming its historical return on assets is 10 percent, how does it currently stand? Generally speaking, is th..

What is price of zero-coupon bond paying interest : What is the price of a zero-coupon bond paying interest semi-annually that matures in 10 years? The bond has a total par value of $1 million and its current yield to maturity is 8%.

Calculate the after-tax cost of debt-cost of preferred stock : Calculation of individual costs and WACC Dillon Labs has asked its financial manager to measure the cost of each specific type of capital as well as the weighted average cost of capital. The weighted average cost is to be measured by using the follow..

Improve the efficiency of heating and cooling : What can be done to improve the efficiency of heating and cooling for the Xavier Hotel with 375 rooms? How can facility managers ensure that their property HVAC expenses are under control with escalating oil, gas & electricity costs? What can be don..

User Account

All Pages