Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Your Assignment is to write an essay discussing the financing of a new car for your business.
The price of the used car is $20,000. Sales tax on this car is 8.4% of the price of the vehicle. You intend to finance the entire cost of the car and sales tax, less a down payment of $1,500. You intend to finance the car for 48 months and your car payment will be $455.12 per month.
Your essay should in include the following information
Calculate and discuss the amount financed, the installment price of the new car, and the finance charges you will pay over the life of the loan.
Compare and contrast the advantage of paying cash and financing the vehicle over a shorter period of time, as well as, the impact of finding lower interest rates.
Research and discuss the advantages of having good credit versus poor credit when qualifying for a loan. Discuss the implications of your credit score on the interest rates you may qualify for.
Your company is planning to borrow $0.5 million on a 3-year, 14%, annual payment, fully amortized term loan. What fraction of the payment made at the end of the second year will represent repayment of principal?
Suppose that you buy a one year discount bond that has a maturity value of $10,000 and the risk free market rate is 3 percent. What is the highest price that you would be willing to pay for this bond? Provide a concise theoretical definition of mone..
The Knight and Day Café is contemplating making a $125,000 investment that has a 45% chance of producing a 8% return, a 25% chance of producing an 11% return, a 15% chance of producing a 15% return, a 10% chance of producing a 5% return, and a 5 % ch..
Do the NPV and IRR methods always agree with respect to capital budgeting accept-reject decisions? Answer and explain.
Suppose Powers Ltd. just issued a dividend of $2.52 per share on its common stock. The company paid dividends of $2.02, $2.09, $2.26, and $2.36 per share in the last four years. what is your best estimate of the company’s cost of equity capital using..
You have $17,250 you want to invest for the next 22 years. You are offered an investment plan that will pay you 7 percent per year for the next 11 years and 11 percent per year for the last 11 years. How much will you have at the end of the 22 years?..
The World Income Appreciation Fund has current assets with a market value of $4 billion and has 110 million shares outstanding. What is the net asset value (NAV) for this mutual fund? The Madura HiGro Fund has a net asset value of $47 per share. It c..
X Corporation’s outstanding bonds have a $1,000 par value, a 6% semi annual coupon, 3 years to maturity and a 8% YTM. What is the bond’s price? If X Corporation needs to raise 2 million, how many bonds they need to issue?
A firm expects to increase its annual dividend by 20 percent per year for the next two years and by 15 percent per year for the following two years. After that, the company plans to pay a constant annual dividend of $3 a share. The last dividend paid..
Suppose you are considering either working through school or taking out loans. If you work at a 20 hour job at $15 per hour over 50 weeks per year, you can make $15,000, but it will take 5 years to graduate. How many years will it take to pay back th..
Do you believe that the government should continue with its efforts to decrease the cost of healthcare or should the government allow for complete privatization of the healthcare industry? Do you believe that the government should continue with its e..
How can leasing allow a firm to effectively "depreciate" land? What effect does leasing have on the stability of a firm's reported earnings?
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd