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Questions - Answer the following with solution:
Q1. You have just found the perfect home. However, in order to buy it, you will need to take out a 2 million pesos, 30- years mortgage at an annual rate of 9 percent. What will your monthly mortgage payment be?
Q2. (using problem #1) assuming you would like to pay off your debt after making 3 yearly payments, how much do you need to settle your loan?
Q3. ( using problem #2) Let's say that exactly ten years ago you took out a 2 million pesos, 30-year mortgage with an annual interest rate of 9 % and monthly payment of ( regarding answer in # 1). But since you took out that loan, housing interest rates have dropped. You now have the opportunity to refinance your loan at an annual rate of 7 % over 20 years. You need to know what the outstanding balance on your current loan is so you can take out a lower interest rate loan and pay it off. If you just made the 120th payment and have 240 payment remaining, what's the current loan balance? What will be your new monthly payment if you can do the refinancing?
Q4. A generator is purchased on installment by your school. The school makes a 25 thousand pesos down payment and owes a balance of 50 thousand pesos to be paid quarterly in 3 years. Find the difference in the cash value and installment value of the equipment if money is worth 8% compounded quarterly?
How much do you have to deposit at the end of each year if you need $20,000 in 10 years, assuming k = 6%?
A Determining the true cash balance, starting with the unadjusted bank balance. Determine the true cash balance as of August 31 (Hint: it is not necessary to use all of the preceding items to determine the true balance.
You expect the lease to pay you $110 per year. Finally, the cost of capital in this case is 5%. What is the NPV of this renovation project
Thereafter, its cash flows will grow at the inflation rate of 3%. If the applicable interest rate is 8%, estimate its value if you will sell the firm in 10 year
The partners share income and losses equally. Samuel Nathan will be admitted to the partnership by investment. Prepare the journal entry for Nathan admission
Odonnel Inc. had the following account balances for Year4 and Year3. 12/31/Year4 12/31/Year3 Accounts receivable (balance in the account, not net) 82,400 65,700 Allowance for doubtful accounts (normal, credit, negative asset balance) 5,870 3,460 Bad ..
What total amount of income and other revenue from investment should Horizon Company disclosed in its December 31, 2017 profit or loss?
Prepare an adjusted trial balance including the adjusting entries made. Prepare a classified income statement. Supplies is a sales expense. January 1, 2015 merchandise inventory was 256,250.
Calculate the fund's CAPM alpha. You are evaluating a stock mutual fund that is among your employer's 401k fund electives. The fund is actively managed
Why not report the possible liabilities from pending law suits in the financial statements rather than the notes to the financial statements?
Assume that the yield to maturity remains constant for the next three years. What will the price be 3 years from today
Determine what amount, if any, is recognized in Austin's net income this year if the equipment fair value is $410,000 Assuming Austin uses revaluation model.
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