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You are out shopping for a new car. You have found a Toyota Sienna priced at 34,400. The dealer has told you that if you can come up with a down payment of 3,300, he would be willing to finance the balance at an EAR of 5.65%. for 4 years. You come back home and after doing the math you find that the monthly payment is beyond your means. At this time, you can only afford a monthly payment of $661.01. In order to accomplish that, the dealer will have to offer you a substantially lower APR. So the next day, you tell the dealer that since the demand for Toyotas are substantially lower at this time due to quality control issues, you can only go ahead if the dealer is willing to lower the APR so that the monthly payment is $661.01.
What is the monthly payment that is beyond your means at this time? What should be the APR so that the monthly payment is $661.01?
1. what are the primary limitations of ratio analysis as a technique of financial statement analysis?2. what
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How many shares must the venture capitalist receive to end up with 28% of the company? What is the implied price per share of this funding round?
velvet company allocates costs from the payroll department s1 and the maintenance department s2 to the molding p1
If you put $1,000 in a savings account that yields 8% compounded semi-annually, how much money will you have in the account in 20 years (round to nearest $10)
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1. Does this company carry long-term debt on their balance sheet? 2. What is the company's debt-to-equity ratio, and debt ratio?
the following are balance sheets for the genatron manufacturing corporation for the years 2010 and 2011 balance sheet
question 1 in the management of cash and marketable securities why should the primary concern be for safety and
Super-One Co. has bonds in the market making annual payment, with 16 years of maturity, and selling for $850. At this price the required rate of return is 8 %. What is the coupon rate for Super-One bond?
Proposals for each of these five elements should appear in a budget format, showing the element and the expected cost for its purchase or implementation.
what is the current ratio? what does the current ratio measure? what are reasons for using the current ratio for
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