How much do you need to pay every month

Assignment Help Finance Basics
Reference no: EM132071082

Question: You are requesting a loan of $35,000, and you plan to repay the loan in equal payments on a monthly basis. If the nominal interest rate is 11.2% compounded monthly, how much do you need to pay every month in order to pay off the loan in 6 years? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132071082

Questions Cloud

Discuss at least one example of an area : Discuss at least one example of an area of opportunity for improvement. Describe how a redesign might favor an organization's competitive advantage
Original piece of intellectual property : Any original piece of intellectual property you have created, such as a poem, term paper, or photograph, is automatically copyrighted
What is the value of your retirement plan : Given a 9.0 percent interest rate, what is the value of your retirement plan after 40 years?
Have you ever seen an entire stage production of a play : Have you ever seen an entire stage production of a play on a video? How was your experience similar and different from watching a film or a play?
How much do you need to pay every month : You are requesting a loan of $35,000, and you plan to repay the loan in equal payments on a monthly basis. If the nominal interest rate is 11.2%.
According to the accrual basis accounting system : According to the Accrual Basis accounting system. Which of the following is NOT part of what a company's business model describes?
How was the modern interpretation different from the older : Have you ever seen a modern interpretation of a Shakespeare play live? If so, tell us about it here.
Individual factor in organizational ethical decision making : How do individual, organizational, and opportunity factors interact to influence ethical or unethical decisions?
How successful do you think spiegelman is in conveying : Choose one character from the film and compare him/her to another character from another reading we've studied in class. How are they similar?

Reviews

Write a Review

Finance Basics Questions & Answers

  Calculate the net cash flows for each year

FINC 610 Assignment. Calculate the net cash flows for each year. Based on these cash flows, what are the project's NPV, IRR, and payback

  Consolidated balance sheet under the acquisition method

On December 31, 2014, Pate Corporation acquired 80% of Starmont Corporation's common stock for $900,000 cash. Assume that the fair values of Starmont's.

  What do you think the ex-dividend price will be

What do you think the ex-dividend price will be

  Asume that you purchased an 8 percent 20-year 1000 par

assume that you purchased an 8 percent 20-year 1000 par semiannual payment bond priced at 1012.50 when it has 12 years

  What is the future value of this cash flow at 6 9 percent

Given the following cash inflow at the end of each year, what is the future value of this cash flow at 6%, 9%, and 15% interest rates at the end of the seventh year?

  Explain the alternative risk management approaches

Explain the alternative risk management approaches and their advantages and disadvantages for a medium-sized gold producer such as Mesa.

  What is the project npv

Cochran, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $2, 640, 000.

  Question regarding the free cash flow

Based on what you discovered in the e-Activity, determine how the company you selected should address its free cash flow, either through distributions to shareholders or repurchasing of stock. Explain your rationale.

  Calculate the value of fridge- airs preferred stock

The Fridge- Air Company's preferred stock pays a dividend of $ 4.50 per share annually. If the required rate of return on comparable quality preferred stocks is 14 percent, calculate the value of Fridge- Air's preferred stock.

  What is the straight-debt value of each bond

The firm's common stock is presently selling for $75.00 par per share and it pays a dividend of $3.50. The firm is growing at a constant rate of 8.00%.

  What is the bonds current market price

Callaghan Motors' bonds have 21 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 7.5%, and the yield to maturity is 9%. What is the bond's current market price? Round your answer to ..

  Identify and explain the importance of three major trends

a number of major political and economic upheavals occurred in the 1990s. these events have driven many new trends in

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!

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