User Account

All Pages

Considering the fees charged by two banks

Assignment Help Finance Basics
Reference no: EM131891213

This problem is a breakeven point (BEP) problem. Dupree Funds is considering the fees charged by two banks. First America charges a flat rate of $0.11 per payment and First Western requires a deposit of $500,000 (that does not pay interest to Dupree), plus $.05 per payment. What is the number of payments per year where the costs of the two banks will be equal? Assume Dupree's cost of funds is 9%.

Reference no: EM131891213

Questions Cloud

What was the gross profit percentage this year : This year, the company reported Cost of Goods Sold in the amount of $150,000. What was the gross profit percentage this year
Determine solution by long division method : Determine solution by long division method (4x3 - 3x2 - 2x + 1)/(x + 1)
Categories of business organization : What are the role of taxes in the different legal categories of business organization.
What was the labor productivity : Susan Williams runs a small Flagstaff job shop where garments are made. The job shop employs eight workers. Each worker dollar 10 per hour.
Considering the fees charged by two banks : This problem is a breakeven point (BEP) problem. Dupree Funds is considering the fees charged by two banks.
Why the question of federalism is of vital importance : Why the question of federalism is of vital importance, but also state and support your opinion on one of the aforementioned topics.
What is the role of ethics in financial reporting process : What is the role of ethics in the financial reporting process? Describe the interrelationships of the financial statements
How does the organization stay in tune to a core vision : You are the SVP of Marketing for the NY Yankees. Recently, you have noticed the clubs revenue has remained stagnant over the last two quarters.
What is the adjusting entry necessary on december : What is (are) the journal entry (or entries) on July 1, 2011? What is the adjusting entry necessary on December 31, 2011, the end of the company's fiscal year?

Reviews

Write a Review

Finance Basics Questions & Answers

  Average annual rate of return

What is the average annual rate of return your mother earned on his investment?

  How much money must deposit in an account today

How much money must you deposit in an account today to make annual withdrawals of $20,000 at the end of each of the next 20 years?

  What is the market user cost of owner-occupied housing

[Note: The information presented here applies to questions 1, 2, 3, and 4.] You are looking at a new home in suburban New Jersey which is selling for $250,000. The rent on similar homes in the same development is $1,500 per month. Based on this..

  Which of the following involve the asset allocation decision

Which of the following involve the asset allocation decision?

  What is the capital market how is the primary market

what is the capital market? how is the primary market different from the secondary market? in your opinion are these

  Compute the dealers expected carry incomea dealer in

compute the dealers expected carry income.a dealer in government securities is considering buying 875000000 in 10-year

  Advantages for a bank of matching the maturities

What are the advantages for a bank of matching the maturities of its loan portfolio with the maturities of its liabilities or deposits?

  List and describe three concepts discussed in videos

After watching this video, what are your thoughts on globalization, both in terms of finance and trade. Discuss the pros and cons as you see them, while also addressing more recent developments (e.g., the rise of the economies of Brazil, India, Ru..

  Calculate the firm''s tax on its operating earnings

Interest versus dividend income During the year just ended, Shering Distributors, Inc., had pretax earnings from operations of $490,000. In addition, during the year it received $20,000 in income from interest on bonds it held in Zig Manufacturing an..

  How much interest would billy have to pay

Billy Thornton borrowed $20,000 at a rate of 7.25%, simple interest, with interest paid at the end of each month. The bank uses a 360-day year. How much interest would Billy have to pay in a 30-day month?

  Computing the total interest for an rrsp plan

If Hans contributes $1500 to his RRSP on February 1, 1990 and every 6 months thereafter up to and including February 1, 2017, what amount will he accumulate in the RRSP by August 1, 2017?

  Compute the stock price change

Company Z stock is trading at $30 per share given that the risk free interest rate is 9 percent and the equilibrium risk premium on the market portfolio is 8 percent.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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