Calculating interest valued in present value annuities

Assignment Help Finance Basics
Reference no: EM133068805

The total interest paid was $3,455,854.51. The quarterly installments were $181,861.82. The value of the loan was $2,000,000. The interest rate is not known, but you do know the straightforward formula for calculating interest valued in present value annuities. Therefore, in how many years was this loan repaid?

Reference no: EM133068805

Questions Cloud

Record the opening entry for business in a general journal : Ricardo Lopes opened an insurance agency on October 1 with the following assets and liabilities: Cash $2500; Record the opening entry for business
International diversification : Discuss the advantages and disadvantages of closed-end country funds (C.E.C.F.s) relative to American depository receipts (A.D.R.s) as a means
Nursing Research : What search engines or databases are you using to identify the articles for Article Summary assignments?
What is the effective rate per year : The Premier Car Title Loan Company makes emergency loans of up to $500 for one month for a fee. What is the effective rate per year
Calculating interest valued in present value annuities : The total interest paid was $3,455,854.51. The quarterly installments were $181,861.82. The value of the loan was $2,000,000. The interest rate is not known, bu
What is the forward price-book multiple : Assume that a company has an ROE of 19 percent, a growth rate of 4 percent, and a payout ratio of 62 percent. The company also has a cost of equity of 12 percen
What is the market value of equity : What is the market value of equity if the FCFE is projected to grow at 3% indefinitely and the cost of equity is 11%?
Bladder and prostate cancer : Bladder and Prostate Cancer. Provide Primary, secondary and tertiary prevention in the paper.
Compute the expected return and standard deviation : You consider investing in two stocks, A and B. The expected return on stock A is 11% and the standard deviation is 16%. The expected return on stock B is 17% an

Reviews

Write a Review

Finance Basics Questions & Answers

  What is the main function of planet rating

Link through the text Web site to the site of Planet Rating, - What is the main function of Planet Rating? - How might its work help the microfinance industry to grow?

  Major forms of business organizations

What are advantages and disadvantages of each of the major forms of business organizations (sole proprietorship, partnership, and corporation)?

  Estimate the price of the car at the end of given time

As part of your financial planning, you wish to purchase a new car exactly 6years from today. The car you wish to purchase costs $17, 000 today.

  Need a statement showing incremental cash flows

Need a statement showing incremental cash flows over an eight year period. Need a computed payback period. NPV for the project would be nice as well (Optional)

  Determining the examples of non-financial risks

Discuss two (2) examples of non-financial risks currently faced by the Australian banking sector.

  Calculation of the correlation between spot and future price

The standard deviation (square root of variance) of monthly changes in the spot price of jet fuel is 16.5 cents per gallon. The standard deviation of monthly changes in the futures price of crude oil is $4.5 per barrel.

  Briefly discuss the various types of counter trade

Briefly discuss the various types of counter trade.

  Problem regarding the retirement assets

Richard age 45, has already accumulated $100,000 in retirement assets. He expects to retire at age 75 and live until age 100. He expects to earn 8% before retirement and 6% after retirement.

  Motivation and typical activity of venture capital investors

What are the motivation and typical activity of venture capital investors.

  What is the firms cost of equity

The expected earnings before interest and taxes is $1,200, the tax rate is 34%, and the unlevered cost of capital is 12%. What is the firm's cost of equity?

  Monitor the productivity and communications of employees

Employers often want to find out if their workers are productive and loyal. Determine at least one limit that you would place upon a private employer's rights to monitor the productivity and communications of employees at work. Support your respon..

  You recently purchased a stock that is expected to earn 30

you recently purchased a stock that is expected to earn 30 percent in a booming economy 9 percent in a normal economy

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd