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1) Buy car for $35,000. If bank will lend $30,000 (10% discount rate), what will annual payments be? Make 1st payment at end of year and make 5th and final payment at end of 5th year. SHOW IN EXCEL WITH "PAYMENT" FUNCTION
2) If payments were monthly, instead of annual, what would monthly car payment be? The first payment will be at the end of the month and the last payment will be at the end of the 60th month. Are the monthly payments 1/12th of your annual payments? Why or why not? SHOW IN EXCEL
3) Dealer offers to sell you car for $33,000 ($2,000 cash back) or charge you $35,000 and lend you $30,000 of the purchase price at 9%. Thus will make a $5,000 down payment and the annual payments based on a 9% rate or you will make a $3,000 down payment and make the five annual payments you solved for above (ie: loan payments based on 10% rate). How much cheaper is the discounted financing option? If it is more expensive, enter your answer as a negative number. Assume that the correct discount is still 10% when you value the two loans. SHOW IN EXCEL
Robert Gillman, an equity research analyst at Gillman Advisors, believes in efficient markets. He has been following the mining industry for the past 10 years and needs to determine the constant-growth rate that he should use while valuing Pan Asia M..
Roll Corporation (RC) currently has 270,000 shares of stock outstanding that sell for $73 per share. Assuming no market imperfections or tax effects exist, what will the share price be after:
bright star dance company will be producing a modern dance show over a three-month period of time in october-december.
Assuming that Ms. Cross can't show reasonable cause for filing a delinquent return, compute the late filing and late payment penalty. How would your answer change if she did not mail her return until November 21?
Assume you deposit $25,000 in a corporate bond fund that pays 3%. What will value or how much money will you have in this mutual fund in 3 years?
Which of the following statements about internal rate of return is true?
You plan to purchase a $ 250,000 house using a 15-year mortgage obtained from your local bank. The mortgage rate offered to you is 3.75%. You will make a down payment of 20% of th epurchase price. Which of the following is correct? The principal repa..
Goodwin Technologies, a relatively new company, has been wildly successful but has yet to pay a dividend. An analyst forecasts that Goodwin is likely to pay its first dividend three years from now. Goodwin's required rate of return is 11.60%. Find Go..
The nominal rate of return on the bonds of Stu's Boats is 9.25 percent. The real rate of return is 3.9 percent. What is the rate of inflation?
Now assume that Wendt does not receive the interest income but does receive an Additional $1 million as dividends on some stock it owns. What is the tax on this dividend income?
St. Benedict’s Hospital has three support departments and four patient services departments. Assume that the hospital uses the direct method for cost allocation. Furthermore, the cost driver for General Administration and Financial Services is patien..
As a financial manager, what can you do to make sure your company stays solvent and is not too liquid? How do you determine if the company has too much liquidity?
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