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Recently, you purchased an apartment and now need to take up a home renovation loan. OXBX Bank charges an interest of 5.8% per year, compounded daily. Whereas Jaybank charges 5.88% per year, compounded monthly.
You are also considering buying a motor car and the terms of the loan offered by SBS Bank is summarized as follows:
Required:
(a) Analyse which bank you should choose for the home renovation loan.
(b) Calculate the amount to be paid for each installment as well as interest for month 8 and 25. Describe and explain the observations you are able to make.
You have just inherited a small island in the Bahamas. The island is near a favourite fishing location, and you are considering two alternative investments. First, you could construct a boat landing that provides grounds for camping. You esti..
an economist uses the price of a gallon of milk as a measure of inflation. she finds that the average price is 3.50
Explain whether making a going concern assumption would affect the value placed on a company's inventory?
Tip Top Corp. produces a product that requires eight standard gallons per unit. The standard price is $4 per gallon. If 2,200 units required 18,000 gallons.
Mos Company is attempting to establish a current assets policy. Fixed assets are $1M and the firm intends to maintain a 50% debt to assets ratio. Mos has no current liabilities. The interest rate is 8% on all debt.
Byron is considering to finance his college education by selling programs at the football games. There is a fixed expenses of $400 for printing these programs, & the variable cost is $3.
Define the following terms: a. Demand deposits b. Compensating balance c. Disbursement float d. Deposit float e. Lockbox f. Wire transfer g. Depository transfer check h. Zero-balance system i. Draft j. Automated clearinghouse
What do you understand about the concept of net regulatory burden? Why should the government put in so much effort in regulating and monitoring the activities of the financial institutions?
How does leverage affect the equity investor's ex ante risk-adjusted return, or the expected risk premium per unit of risk, assuming the property is bought.
Are these betas in line with your expectations? Provide your reasoning. What does it mean if a stock has a beta equal to 1? What does it mean if a stock has a beta equal to zero?
Why do financial intermediaries exist? In your answer, discuss theories of financial intermediation, transactions costs and asymmetric information
What are examples of pure risk in the article "N.J. boardwalk fire blamed on old wiring damaged by hurricane sandy" and why?
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