What will be the monthly loan payment

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A firm has a profit margin of 7% and an equity multiplier of 2.8. Its sales are $400 million, and it has total assets of $160 million. What is its ROE? Do not round intermediate calculations. Round your answer to two decimal places.

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You want to buy a car, and a local bank will lend you $10,000. The loan will be fully amortized over 5 years (60 months), and the nominal interest rate will be 11% with interest paid monthly.

What will be the monthly loan payment? Do not round intermediate steps. Round your answer to the nearest cent.

What will be the loan's EAR? Do not round intermediate steps. Round your answer to two decimal places.

You borrow $250,000; the annual loan payments are $16,262.86 for 30 years. What interest rate are you being charged? Round your answer to two decimal places.

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You have saved $5,000 for a down payment on a new car. The largest monthly payment you can afford is $300. The loan will have a 11% APR based on end-of-month payments.

What is the most expensive car you can afford if you finance it for 48 months? Do not round intermediate calculations. Round your answer to the nearest cent.

What is the most expensive car you can afford if you finance it for 60 months? Do not round intermediate calculations. Round your answer to the nearest cent.

Reference no: EM131546924

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