Compute the ear of the loan

Assignment Help Financial Management

Reference no: EM131526473

To borrow $1,300, you are offered an add on interest loan at 8.8 percent with 12 monthly payments. Compute the 12 equal payments. (Round your answer to 2 decimal places.)

Compute the EAR of the loan. (Do not round intermediate calculations and round your answer to 2 decimal places.)

Reference no: EM131526473

Questions Cloud

What are the monthly payments in the first two years : After the second year, the mortgage interest rate charged increases to 6.5 percent APR. What are the monthly payments in the first two years?

What is the value of your retirement plan : What is the value of your retirement plan after the 50 years?

What is the expected return of the ten year bond : A 20-year maturity bond has a 9% coupon rate, paid annually. It sells today for $947.42. What is the expected return of the 10-year bond.

How does bond price change with the bond term : How does bond price change with the bond term? What is the difference between the dirty price and the clean price of a bond?

Compute the ear of the loan : Compute the EAR of the loan.

Compute the present value : Compute the present value of a $3,600 deposit in year 2 and another $3,100 deposit at the end of year 4 if interest rates are 9 percent.

What would be third year future value : What would be the third year future value?

How much equity will you get to keep as cash : A lender is willing to give you a cash-out refi with a 80% LTV. If you decide to take this offer, how much equity will you get to keep as cash?

Used as the initial cash flow for building project : What amount should be used as the initial cash flow for this building project?

User Account

All Pages