User Account

All Pages

Find the value of the quarterly payment

Assignment Help Accounting Basics
Reference no: EM133075832

Question - Millenium Fitness borrowed $189 000 to purchase equipment for their gym. The interest rate being charged on the loan is 9.6% compounded quarterly and they will be making quarterly payments for five years.

a. Find the value of the quarterly payment.

b. Find the principal paid off by payments 12 through 15, inclusive.

c. Find the interest component of payment #7.

Reference no: EM133075832

Questions Cloud

Pros and cons of collaborating : What are the pros and cons of collaborating with other health care departments both internal and external when separated by physical barriers
What amount of CPP will be deducted each week : Pensionable earnings deduct a basic yearly exemption of $3,500. What amount of CPP will be deducted each week from Marco's pay
Discussion - Ethics in Computer software design : Ethics in computer software design and development - summary or a general discussion of key points and the reading's highlights
Prioritize the investments in the order of return : Investment A: Up-front investment of $45,000 and returns $120,000 in six years.
Find the value of the quarterly payment : Question - Millenium Fitness borrowed $189 000 to purchase equipment for their gym. Find the value of the quarterly payment
Why have special trading session during open : 1. Why have special trading session during open? 2. Why have special trading session during close?
Performance of specific non-financial companies : How has the COVID-19 pandemic affected the operations/performance of specific non-financial companies?
What is the future value : What is the future value if we have payments of $294 per fortnight for the next 26 years at 6.38% pa compounded fortnightly?
Explain the inventory turnover ratio : 1- Financial ratio analysis is conducted by three main groups of analysts: credit analysts, stock analysts, and managers. What is the primary emphasis of each g

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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