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Use a bank's special mortgage rate of 2.16% (that isthe annual percentage rate and will not change over the amortization period). Calculate the total interest amount paid at the end of amortization terms. Calculate monthly interest payment and monthly principal payment for each options. The project must be completed on an Excel worksheet. The worksheet needs to contain variable data such as monthly payment, constants such as interest rate, and calculations using proper Excel functions. Use cell references (absolute, relative or mixed references) appropriately and include all formulas.
In order to obtain full marks, your worksheet needs to satisfy the evaluation criteria:
Question 1: Explain your understanding of the Excel PMT function in this project.
Question 2: What were your three strategies in order to complete the project?
What nonfinancial factors, if any, should managers consider in making investment decisions? Which of these nonfinancial factors are most important, and why?
Why is the stockholders' equity section of the balance sheet an important consideration in analyzing the performance of a company?
Montgomery & Co., a well established law firm, provided 500 hours of its time to Fink Corporation in exchange for 1,000 shares of Fink's $5 par common stock. Mitchell's usual billing rate is $700 per hour, and Fink's stock has a book value of $250..
road ready tire co. manufactures automobile tires. standard cost and actual costs for direct materials direct labor and
On 1/1/16 Volcano sold the machine for $40,000. A gain of $20,000 was recorded. What was the original estimated life of the machine
In December 2010, Perez Company established its predetermined overhead rate for jobs produced during year 2011 by using the following cost predictions.
Assuming that the opening UCC for Class U assets is $0, what is the maximum CCA that can be deducted for this machine in the fiscal year 2020
Show how these events affect the balance sheet, income statement, and statement of cash flows by recording them in a horizontal financial statements model
Radial Inc. had sales of $2,400,000 for the first quarter of 2014. Prepare a CVP income statement for the quarter ended March 31, 2014
You enter into a futures contract to sell €125,000 at $1.51 per euro. At what settle price will you get a demand for additional funds
Accrued salaries and wages are $18,000 at December 31, 2013. Prepare journal entries to adjust the books of Williams Company at December 31, 2013
What is the acid-test ratio for the current year? What is the book value per share of common stock for the current year?
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