Find the balance owed after the tenth payment

Assignment Help Financial Management

Reference no: EM132062767

1. Todd Gunderson purchased a jet ski costing $2,895, plus 4.6% sales tax. The credit union loaned him the funds at a rate of 4.8% for 4 years with monthly payments. Find the balance owed after the tenth payment had been made.

2. Natalia Sandino was given 750 shares of stock in the fitness center where she is employed as a salary bonus. The shares were valued at $8.05 when they were placed in her stock portfolio. The shares paid quarterly dividends of $.60 per share. After 7 years, Natalia sold the shares for $10.67. What was her annual rate of return? Round to the nearest hundredth of a percent.

Reference no: EM132062767

Questions Cloud

One way to hedge its currency risk : One way to hedge its currency risk for the U.S. firm is to sell mexican dollars forward.

What was the annual rate of return on given bond : You purchased a newly issued 25-year $1000 par value bond with a 7% annual coupon rate, and a YTM = 6.20%. You sell the bond 5 years later when the YTM.

How diversification is based on correlation : how diversification is based on correlation, why do you think people fail to diversify in the ways you have mentioned?

Find the price of the option half-way to maturity : Find the price of the option half-way to maturity if the share price at that time is 17.

Find the balance owed after the tenth payment : Find the balance owed after the tenth payment had been made.

Calculate equal monthly mortgage payments : You are purchasing a new house for $350,000. Y ou are required to pay 20% as down payment. In addition to the house price, the real-estate agent charges.

Determining which alternative is the best : The purchasing agent of a large geotechnical testing firm is trying to decide whether to buy high carbon steel or carbide-tipped drilling tools.

What do you mean by performance liquidated damages : What do you mean by performance liquidated damages? And what are the different ways used in the industry to calculate the damages,

Risk management strategies for the wheat trading : What are the risk management strategies for the wheat trading?

User Account

All Pages