A debt of $7734.34 is repaid by payments of $1352.47 in 5 months, $944.45 in 15 months, and final payment in 23 months. If interest was 7% compounded quarterly, what was the amount of the final payment? no handwritten solution please
Q: You are in need of a car. After much research you have decided to purchase a new 2023 Toyota Camry.…
A:
Q: The value of your home is $350,000. You have a first mortgage of $175,000. The banks maximum loan(s)…
A: Banks maximum loan to value ratio = 80% Maximum loan = 80%×Value of home = 0.80×$350000 = $280,000
Q: 27. You have developed the following data on three stocks: Stock Standard Deviation Beta A 0.15 0.79…
A: Risk The possibility of losing money on an investment is called risk. Risk exists in all types of…
Q: Kim invests $6050 in an account earning 6.54% interest, compounded weekly. How long will it take for…
A: The amount that a present investment will gain in value over time when kept in a compound interest…
Q: Consider an economy with two types of firms, S and I. S firms all move together. I firms move…
A: The firm S's probability is 29% and the rate of return is 24%. The firm I's probability is 71% and…
Q: If Forner's competitors hold their prices at $3.95, how many square yards of L- 42 would Forner need…
A: Value of plot depends on area of plot and rate of area in that segment of land but that keep…
Q: A Company recieved a loan of 140,000 at 5%Compounded monthly-to Purchase equipment for the company…
A: Amortization is the process of reducing the loan or intangible asset's book worth over a set period…
Q: You are the listing agent on a property and will split a 5% commission with the buyers agent. Your…
A: This is related to a real estate transaction. Few intermediaries are involved in a real estate…
Q: (a) State the type. O ordinary annuity O present value O present value of an annuity O amortization
A: The today value of money is the equivalent value of money needed today in the account based on…
Q: increase will increase the stock price because many investors value stock with a dividend-discount…
A: Dividends are given out of the net income of the company and dividend may be in the form of cash…
Q: Suppose you own 5,000 common s of Laurence Incorporated. The EPS $8.00, the DPS is $5.00, and the st…
A: companies to split the stock so that after stock split there are large number of shares and prices…
Q: haged portfolios. He's eva invest in. Which of the following performar appropriate portfolio? OT2…
A: An actively managed portfolio is a portfolio where the fund manager uses his own set of skills and…
Q: ri's dive shop had the following 2019 results: • • Sales - $7,200 Costs - $6,100 Assets - $18,000…
A: The companies wanted to grow and increase the profits so as to create value for shareholders but…
Q: CC (Caleb Clark) enterprises forecasts 2021 sales of $400,000. The selling price per unit is $75.…
A: Total sales = $4,00,000 Sale price per unit = 75…
Q: Mas-Con is considering the issuance of commercial paper to fund working capital requirements of…
A: Commercial paper is a type of debt instrument that is issued by companies to finance short-term…
Q: Kathy plans to borrow $150,000 at 6.50% over 30 years to purchase a home. When entering your…
A: Mortgage A loan made by a financial institution to a borrower to purchase a house or other real…
Q: compute the variable cost per unit if variable manufacturing cost per unit is 75.5 and variable…
A: Variable manufacturing cost per unit = 75.5 Variable selling cost per unit = 37.6 Variable cost…
Q: Newland Company is considering investing in one of two projects – A or B. The initial cost and net…
A: The payback period is the period within which the investment is recovered from the project. The…
Q: Find the value of a put option on £10,000 with a strike price of €1.5000/£ which matures in one…
A: We have the characteristics of a put option on currency. We need to find the price of the put…
Q: ABC Company filed for a voluntary bankruptcy which was granted after having submitted all the…
A: Abc Company
Q: 44. Complete the following, using ordinary interest. (Use Days in a year table.) Note: Do not round…
A: When an amount is borrowed, the borrower has to pay interest as the cost of borrowing. This is…
Q: Ma1. Please give only typed answer. Which of the following consequences of increasing the debt of…
A: The company needs funds to operate the business, The firm can raise money either by issuing equity…
Q: After paying GH¢ 30,000 for an initial investigation on projects assessments, the finance department…
A: Capital projects When there is a number of available projects to invest in, the company should…
Q: 2. Denver loans a certain amount at 5% effective interest rate. He makes payments at the end of each…
A: You have specifically asked for Q - 2. In question 2, we need to first find the loan amount and then…
Q: Complete the following amortization chart by using Table 15.1. Note: Round your "Payment per…
A: An amortized loan is a loan that is repaid slowly with a monthly payment comprising both principal…
Q: Acefacto Inc., has asked for you to calculate the after-tax salvage value of an asset it plans on…
A: Data given: Sale price=$595,641 Book value after 10 years=$670,000 Tax rate=31%
Q: BC imports special herbal oil from Morocco to the U.S. The fixed operating costs are USD 300,000 per…
A: In this question we will be calculating the 1 Year Forward Rate of the below currencies USD/ MAD…
Q: stimating Share Value Using the DCF Model Following are forecasted sales, NOPAT, and NOA for…
A:
Q: In which of the following cases is IRR unreliable? I. When looking at mutually exclusive projects…
A: IRR: IRR is the Internal rate of return of the project, where the NPV of the project is Zero.
Q: a bond that does not pay coupons use semi-annual periods to be consistent / compare to others par =…
A: In this question we will be discussing the Zero Coupon Bond YTM.
Q: Calculate the Simple Payback in years for the following system: The initial capital investment for…
A: Concept. Payback period is the time or number of years required to recover initial investment . In…
Q: Cooley Corporation has $20,000 that it plans to invest in marketable securities. It is choosing…
A:
Q: You purchase a home for $390,000, by making a down payment of 16% and financing the remaining amount…
A: Solution:- When an amount is borrowed, it can either be repaid as a lump sum payment or in…
Q: for $5.00 per share more than his purchase price. He share in dividends. Which one of the following…
A: There are two types of gains dividend yield that is dividend received and other is capital gain…
Q: what is the price of sukuk for bahrain islamic bank (BisB) from 2017 to 2021
A: Introduction Sukuk, or Islamic bonds, are an important source of financing for Islamic banks in…
Q: 43. Complete the following, using exact interest. (Use Days in a year table.) Note: Do not round…
A: Every company, firm, and individual needs money, They can take loans from the banks. In this…
Q: If a 6 month term deposit at a bank pays a simple interest of 3%, how much will have to be deposited…
A: Simple interest "The interest to be paid or received is calculated on the basis of the principal…
Q: Using a two-step binomial tree, calculate the value of an American call option where the underlying…
A: An option is a type of financial instrument that is based on the value of underlying securities,…
Q: Milwaukee Specialty Insurance Company has had a very bad financial year. There were many icy days…
A: The combined ratio is used to find out the profitability of the daily operations of an insurance…
Q: Aranufacturer of video games develops a new game over two years. This costs $800,000 per year with…
A: NPV is used to measure the profitability of a project. It discounts all future cash flows to…
Q: 1. The prices of five zero-coupon par bonds are shown in the table below. Each bond has a face value…
A: Data given: Maturity Year Price 1 0.94 2 0.89 3 0.85 4 0.82 5 0.80 Face value=$1
Q: Generally speaking, a growth stock has duration than a value stock. Multiple Choice More, longer…
A: Growth stocks include stocks of high yielding growth companies which have had a good performance in…
Q: what is the value today of a security that will pay you $46 in three years and $87 six years from…
A: The concept of TVM states that the interest-earning capacity makes the money earned today more…
Q: 2. Suppose Grandma wants to accumulate $100,000 for her grandchild's college education in 18 years.…
A: Answer - 2 Future Value = Present Value / (1+ r)n Future Value…
Q: Professor Wendy Smith has been offered the following opportunity: A law firm would like to retain…
A: The process through which an individual analyzes and evaluates the profitability of any alternative…
Q: A 10-year annuity of $5,000 annual payments begins in 6 years. The discount rate is 10% compounded…
A: Value of annuity today is the equivalent today based on the interest rate and period of cash flow…
Q: The demand for a certain drug in a hospital has been increasing. For the past six months, the…
A: Moving Averages Analysis (MAA) is a tool that is helpful in determining the basic trend of the…
Q: Project L requires an initial outlay at t 0 of $55,000, its expected cash inflows are $14,000 per…
A: Pay-back period It is the length of time required to recover the cost of the cash outflow. It is the…
Q: if a firm has had sales which h been extremely variable, the f should Question 1 options:
A: The sales depend on the many factors and all these factors are not under company and some are beyond…
Q: Which of the following do NOT fit the 2-year repricing test? In other words, which are NOT rate…
A: Maturity buckets can be referred to as time frames that measure dollar amounts of assets and…
A debt of $7734.34 is repaid by payments of $1352.47 in 5 months, $944.45 in 15 months, and final payment in 23 months. If interest was 7% compounded quarterly, what was the amount of the final payment?
no handwritten solution please
Step by step
Solved in 2 steps with 2 images
- A debt of $5643.07 is repaid by payments of $1232.89 in 7 months, $1454.55 in 14 months, and a final payment in 29 months. If interest was 7% compounded semi-annually, what was the amount of the final payment? BEKERA debt of $9445.01 is repaid by payments of $1025.67 in 4 months, $843.04 in 13 months, and a final payment in 35 months. If interest was 9% compounded quarterly, what was the amount of the final payment?A debt of $6436.51 is repaid by payments of $1707.02 in 3 months, $1233.91 in 13 months, and a final payment in 23 months. If interest was 8% compounded semi-annually, what was the amount of the final payment?
- A debt of $7311.92 is repaid by payments of $1795.22 in 8months ,$1002.19 in 17months, and a final payment in23months. If interest was8%compoundedsemi-annually, what was the amount of the final payment? The final payment is $nothing. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)Please do not use excel format in computation A debt of P25,000 was repaid in ten equal quarterly payments. If the rate of interest was 7% compounded quarterly, what was the size of each payment?A debt of $819.07 was to be repaid in 33 months. If $1007.02 was repaid, what was the nominal rate compounded monthly that was charged?
- The debt is amortized by the periodic payment shown. Compute (a) the number of payments required to amortize the debt; (b) the outstanding principal at the time indicated. Debt Principal Debt Payment Payment Interval Interest Rate Conversion Period Outstanding Principal After: $16,000 $1,128 1 month 5% semi-annually 7th payment (a) The number of payments required to amortize the debt is nothing. (Round up to the nearest integer.) (b) The outstanding principal is $nothing. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)Hi, How do i find the mising amounts? The interest period is semi-annual. Interest payment is $131,250A debt is amortized by monthly payments of $250. Interest is 8% compounded monthly. If the outstanding balance is $3225.68 just after a particular payment (say, the xth payment), what was the balance just after the previous payment (i.e., the (x-1)th payment?
- A loan of $2700 collecting simple interest at a 7.9% annual rate was repaid with a check for $2806.65. How long did it take the borrower to repay the loan?A debt pf $47,000 is repaid by payments of $4,333 made at the end of every six months. Interest is 8.6% compounded quarterly. Your calculator must be set to 2 decimals before doing any calculations that are going to involve Amortization. a.) What is the value of 'p', the periodic interest rate? (Correct to exactly 8 decimal places.) b.) What is the number of payments required to retire the loan? (Rounded up to the next whole payment.) (Your answer must be a whole number.) c.) What is the (interest) cost of the debt for the first three years? (6 payments) (Use the BAII+: Do not calculate this by hand.) Jhy d.) What is the value of the final (partial) payment? The final payment required to make the outstanding balance equal exactly zero. (Use the BAII+: Do not calculate this by hand.)< A debt of $7931 23 is repaid by payments of $1129.24 in 7 months, $1229.85 in 15 months, and a final payment in 23 months. If interest was 9% compounded annually, what was the amount of the final payment? The final payment is $☐ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)