Yesenia purchased a car for $21,394. She obtained a 6 year term loan at an interest rate of 6%. She is making a monthly payment of $380. Using the following balance function to calculate the balance owed after the month 47 payment. Round your answer to the nearest penny. Only input the number. Do not input the dollar sign. Do not use a comma. Example: 4536.21 12 t 1 + 12 12 t B(t) = Bo1+ - M·
Q: Differentiate between voluntary and involuntary liquidation of a company and outline the circumstanc...
A: Meaning and difference of voluntary and involuntary liquidation . Voluntary liquidation. It is not ...
Q: MAG Petroleum is an SME specialising in the sale of lubricants for industrial use. The company, whic...
A: a) In this question Angelina should use the third period moving average method for forecasting as it...
Q: Tijuana Brass Instruments Company treats dividends as a residual decision. It expects to generate $2...
A: Solution:- As per the various dividend theories, if the expected returns of a project exceeds the co...
Q: Calculate the simple interest due on a 72-day loan of P3,000 if the annual interest rate is 4%.
A: Loan amount (P) = P3000 Interest rate (r) = 4% Period (d) = 72 days
Q: You borrow $5000 now and agree to pay this whole amount back in three payments: Payment 1. SX in 3 m...
A: The value of a certain amount of money at current time will not be the same as value of same amount ...
Q: The following cash flows have been identified by Company A for a potential capital investment projec...
A: Present value of cash inflows = [Year 1 cash flow/(1 + r)1] + [Year 2 cash flow/(1 + r)2] ...
Q: Question 6 A debt of $449 due in 4 months and another debt of $610 due in 11 months are both to be p...
A: Debt due after 4 months = $449 Debt due after 11 months = $610 Payment period = 8 months Payment per...
Q: 7. In a small stock market, there are three assets. The corresponding covariance matrix and the expe...
A: Expected return on portfolio With three assets, the expected return on portfolio is calculated as sh...
Q: A couple borrows $300,000 at an APR of 4.8% compounded monthly on a 30-year mortgage with monthly pa...
A: Given, P = $ 300,000 r = 4.8% = 4.812×100= 0.004 M = $1574 n = 30 years × 12 = 360
Q: Compute the maximum value of the utility function U(x, y, z) = 2xyz, subject to x +4y + 4z = 108. %3...
A: Given , u = x y z subject to x+4y+4z=108 x = 108-4y-4z Then u = 108 - 4y-4zyz= 108yz-4y2z-4yz2Diffe...
Q: The price of land near a beach is expected to increase 8 % yearly. If the current price RM 13 per sq...
A: Current price (CP) = RM 13 Annual increase (g) = 8% Period (n) = 5 Years
Q: Assets (in KD) Liabilities (in KD) Cash 263854 Accounts payable 80000 Accounts receivable 100000 Acc...
A: To Find: Quick ratio
Q: Market conditic characterized b
A: Since as in the given case, the cost of commercial paper is a recommended action, because it is econ...
Q: Explain the essence of the binomial model for calculating the value of call and put options. Provide...
A: The binomial option pricing model is a method for valuing options that was created in 1979 by y John...
Q: A pump is required for 10 years at a remote location. The pump can be driven by an electric motor if...
A: Present worth analysis is very important while selection of alternative and alternative with less pr...
Q: Short term financing includes which of the following: O Bank term loan. O Equity shares O Commercial...
A: Solution:- Short term financing means borrowing or lending of money for a short period of time, gene...
Q: If you
A: Number of years: Number of years is the time period to take the present value of an invested amount ...
Q: What is the debt ratio at the optimal capital structure of XYZ Inc.?
A: Capital structure which maximizes the share price is the optimal one. Let D1 = Expected dividend EPS...
Q: Adil is paid a commission amount of 2280 RO. During January 2020, his sales were 38,000 RO. What is ...
A: Commission is the amount paid to the salesperson or agent in exchange of services provided by such i...
Q: The simplest form of business ownership is a: O Corporation. O Cooperative. O Partnership. Proprieto...
A: Proprietorship is also known as individual entrepreneurship. In this , enterprise is owned and run b...
Q: Calculate the amount of money Dylan had to deposit in an investment fund growing at an interest rate...
A: Interest rate = 2% Annuity amount = $11,000 Time period = 2 years
Q: How much interest is earned in 4 years on P12,000 deposited in an account paying 4% compounded semi-...
A: Interest earned = Future value - Present value
Q: Assume the current price of copper is $1675 per tonne, the term structure of interest rate is flat a...
A: Arbitrage: If the cost of entering into a strategy is lower than the proceeds from the strategy, a r...
Q: 8. A 1.25 acre lawn is to be sodded with 'Cavalier' zoysiagrass, which can be delivered at a cost of...
A: Solution:- Total cost to have sod delivered means how much amount is to be paid. Total amount = Law...
Q: To start saving for retirement, Michelle opens an RRSP that earns interest at a rate of 4.4% compoun...
A: Given, Quarterly payment is $580 Number of years is 12 Rate is 4.4% compounded quarterly.
Q: Balance sheet Assets (in KD) Liabilities (in KD) Cash 263854 Accounts payable 80000 Accounts receiva...
A: Solution:- Quick ratio measures the ability of the company that how efficiently the company can pay ...
Q: A profitability index of 0.50 for a project means that The project returns 50% in present value for ...
A: Profitability index is calculated by dividing present value of benefits by Investment amount
Q: The Salem Company bond currently sells for $955, has a 12% coupon interest rate and a $1,000 par val...
A: Bond price = $955 Coupon rate = 12% Par value = $1000 Coupon amount = 1000*0.12 = $120 Years to matu...
Q: 00 LO %24 JE Use the following information for this and the next three questions. Southern Mountain ...
A: Inventory Inventory can be described as a good or material that a company holds for the purpose of r...
Q: S00 $2,400 $2,200 $2,000 $1,00 $1.600 $1,400 $1,200 $1,000 Monthly Wage Rate
A: Equilibrium level is the level where the demand and supply is equal to each other. It is the balance...
Q: 11. A man deposited P6,000 at a rate of 10% per annum. However, to add more fund, he deposits P500 p...
A: Future value (FV) Future value (FV) of a present amount (PV) is calculated as shown below. FV=PV×1+i...
Q: Compute for the Effective Annual Interest Rate (ieff/yr). 1. 10% Compounded Semi-annually = 2. 10%...
A: The actual interest rate on a loan or investment is described by the effective annual interest rate....
Q: Stream Tube made $15 billion worth of revenue this year. The total market for streaming television s...
A: Solution:- Market share means the proportion of a company in the entire industry.
Q: Home Products Inc. (HPI) entered into a contract on June 30, Year 1, to buy 750,000 pounds of alumin...
A: In order to solve the problem, the corporation has agreed to purchase 750000 pounds of aluminum sidi...
Q: 31 The CFO of a large corporation you have just inherited takes pride in her corporate finance skill...
A: A corporation finances its activities though debt and equity. Bonds are a kind of debt instrument. T...
Q: Discuss the concept of taxation and it's necessity for every government.
A: Taxation is the process of governments levying mandatory taxes on individuals or businesses. Taxes a...
Q: May deposits PhP 20,000 into a fund at the beginning of each year for 10 years. At the end of 15 yea...
A: This is a classic case of an annuity due, annuity perpetuity, annuity deferrals. First, we will comp...
Q: Compare the machines below using present worth analysis be selected w year ich one should
A: The present worth of a project can be defined as net benefit of a project in current terms. It is ca...
Q: How much money should you invest at an interest rate of 6% compounded monthly, to have P400,000 in 5...
A: Present Value can be calculated using PV function in excel PV (rate, nper, pmt, [Fv], [type]) Rat...
Q: 6. Market value ratios Ratios are mostly calculated using data drawn from the financial statements o...
A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for yo...
Q: Estimate the weighted-average cost of capital for Home Depot (HD), Altria (MO), Caterpillar (CAT), a...
A: Risk Free Rate = 1.94% Stock Market Return = 5.4%
Q: ABC Corporation has the following capital structure and costs. Further assume that ABC ‘s income is ...
A: Weighted Average cost of capital (WACC): The WACC is the overall cost of capital from all the source...
Q: What will be the interest rate per interest period if convert to compounding monthly? 1.9967% ...
A: Effective annual rate (EAR) refers to the rate of interest which is an outcomes of compounding inter...
Q: A 5-year project will require an investment of $100 million. This comprises of plant and machinery w...
A: Hi, since you have posted a question with multiple sub-parts, we will answer the first three as per ...
Q: per must choose between two projects: In Project A, she would build an apartment building for $200 ...
A: Net present value is difference between the present value of cash flow and initial investment in the...
Q: You borrow $5000 now and agree to pay this whole amount back in three pay Payment 1. SX in 3 months....
A: The more is compounding the more is the effective rate and less is compounding than less is the effe...
Q: The Salad Oil Storage Company (SOS) has financed a large part of its facilities with long-term debt....
A: As SOS has financed a large part with long term debt so there is a chance that the shareholder can l...
Q: 31 The CFO of a large corporation you have just inherited takes pride in her corporate finance skill...
A: The question asked here is about the relationship between the bond price and the risk.
Q: How much downpayment should you put at the time of purchase? how would i calculate this in excel?
A: Downpayment: It refers to the amount of money paid by the buyer in the early phase of purchasing go...
Q: PW, FW, and AW methods will yield the same recommendation regarding investment alternatives. True or...
A: To increase the wealth of shareholders, a company will only invest in projects that are profitable. ...
Step by step
Solved in 2 steps
- Yesenia purchased a car for $16,789.23. She obtained a 72 month term loan at an interest rate of 3.74%. Her monthly payment is $260.69. Using the following balance function to select the appropriate input values to calculate the balance owed after the 60th payment. ir 1+ 12 121 - 1 B(t) = Bo 121 - M Bo= I Select ) %3D | Select ) М [ Select ] [ Select I1. 2)Sarah began her credit card billing cycle with a zero balance, and her billing date is March 20. She made a $4600 purchase with her card on March 21. She receives her bill on March 24 with a due date of April 15. Her card has an 18 percent APR and a grace period. How much interest will she owe if the entire balance is paid by May 15? a. $52.08 b. $28.75 c. $0 d. $57.50show calculations pleaseFor TVM calculator: Write each known variable’s value as it appears in the calculator and use a question mark for the missing variable. Then, in the space provided write the missing variable’s value, as it appears in the calculator. Finally, write your final answer in context, with units, as a complete sentence. Patricia deposits $1,000 into an account that earns 4.9% compounded monthly and plans to make monthly payments of $170 into the account. How long must she invest until she has $35,000? N=? I= 4.9 PV=1,000 PMT=170 FV= 35,000 P/Y=12 C/Y=12 Missing Variable Value __________________ Context Sentence:
- Kim is shopping for a car. She will finance $14,000 through a lender. The table to the right shows the monthly payments per thousand dollars borrowed at various APRs and terms. Use the table to answer parts (a) through (c) below. APR, r 4 Term, t (in years) 5 6 7 8 0.05 $23.03 $18.87 $16.10 $14.13 $12.66 0.055 $23.26 $19.10 $16.34 $14.37 $12.90 0.06 $23.49 $19.33 $16.57 $14.61 $13.14 0.065 $23.71 $19.57 $16.81 $14.85 $13.39 0.07 $23.95 $19.80 $17.05 $15.09 $13.63 0.075 $24.18 $20.04 $17.29 $15.34 $13.88 (a) One lender offers Kim an APR of 6% for a 6-yr term. What would be the amount of Kim's monthly payment? $Yusra has a term loan that she still owes $15,483.58. The annual interest rate on this loan is 3.97%. This month she is making payment 33. Her monthly payment is $434.59. How much will her balance be after she makes this month's payment? Round your answer to the nearest penny. Do no input the dollar sign. Only input the number. Do not use a comma. Example: 5698.36The table below shows a credit card balance 20 and 24 months after the Estuardo made one large purchase. After that he never used the card again. Given the following table, determine the value of Estuardo's initial purchase. The payment is a proportion of the balance due. Round your answer to the nearest penny. Month Balance 20 $1,272.25 24 $1,020.50
- Use the given spreadsheet formulas for each question below. Write down your calculations and/or what you type into excel to show your work, as well as the final answer. Answer each question with a complete sentence response. No credit will be given if the Excel/sheets syntax is not provided. Round your answer to the nearest cent. Q. Jayden borrows $10500 from his grandmother for 4 years. Jayden’s grandmother gives Jayden a simple annual interest loan at 4.5% interest. How much will Jayden need to repay grandma in interest? How much in total will Jayden pay?1. Jim has a credit card with a credit limit of $9000.00. For each of the following monthly balance, calculate the minimum monthly payment. Minimum Balance Work/Reasoning Payment $8.50 $40.00 $550.00 $9120.00 $7862.95Meghan Pease purchased a small sailboat for $8,350. She made a down payment of $1,300 and financed the balance with monthly payments of $236.38 for 36 months. (a) What is the finance charge (in $) on the loan? $ 1459.68 (b) Use Table 13-1 to find what annual percentage rate was charged on Meghan's loan. (Round your answer to two decimal places.) ______ %
- mework Saved Stacy's Dress Shop received a $1,240 invoice dated July 27 with 5/10, 4/15, n/60 terms. On August 10, Stacy's sent a $261 partial payment. (If more than one discount, assume date of last discount) a. What credit should Stacy's receive? (Round your answer to the nearest cent.) Credit %$4 b. What is Stacy's outstanding balance? (Round your answer to the nearest cent.) Outstanding balance 24For the car loan described, give the following information. A car dealer will sell you a used car for $6,698 with $798 down and payments of $161.51 per month for 48 months. (a) amount to be paid $ (b) amount of interest $ (c) interest rate (Round your answer to two decimal places.) (d) APR (rounded to the nearest tenth of a percent) % Need Help? Read ItPerson A deposits $2750 in an account that pays 5% interest compounded once a year. Person B deposits $2200 in an account that pays 6% interest compounded monthly. Complete parts (a) through (c) below. a. Who will have more money in their account after one year? How much more? Select the correct choice below and fill in the answer box within your choice. (Round to the nearest dollar as needed.) O A. Person A will have $ 552 more than Person B. O B. Person B will have $ more than Person A. b. Who will have more money in their account after five years? How much more? Select the correct choice below and fill in the answer box within your choice. (Round to the nearest dollar as needed.) O A. Person B will have $ more than Person A. O B. Person A will have $ more than Person B.