How much does she need to borrow to purchase the yacht

Assignment Help Financial Management

Reference no: EM131351595

On December 31, Beth Klemkosky bought a yacht for $50,000and paid $12,000 down and agreed to pay the balalnce in 14 equal annual installments that include both the principal and 9 percent interest on the declining balance. How big will the annual payments be? how much does she need to borrow to purchase the yacht? (please show work on how you got to the answer)

Reference no: EM131351595

Questions Cloud

Expectations of the trader about the future price of stock : The stock currently trades at $40 in June. An option trader considers the following strategy concerning the stock XYZ. Trader sells one AUG 38 put for $1 and buys a AUG 42 call for 1$. Please construct a figure that depicts the value of the strategy ..

What is the nonsystematic standard deviation : In the APT model, what is the nonsystematic standard deviation of an equally-weighted portfolio that has an average value of σ(ei) equal to 25% and 50 securities?

Develop a coherently structured paper with an introduction : Develop a coherently structured paper with an introduction, body, and conclusion. Provide a concluding paragraph that summarizes the stated problems and promises a solution.

What is the present value of the cash? flows : The state? lottery's million-dollar payout provides for ?$1.1 million to be paid in 20 installments of ?$55,000 per payment. The first ?$55,000 payment is made? immediately, and the 19 remaining ?$55,000 payments occur at the end of each of the next ..

How much does she need to borrow to purchase the yacht : On December 31, Beth Klemkosky bought a yacht for $50,000and paid $12,000 down and agreed to pay the balalnce in 14 equal annual installments that include both the principal and 9 percent interest on the declining balance. How big will the annual pay..

Why is this a typical weapon used in military operations : According to your assigned readings, over the past decade various forms of toxic industrial chemicals (TICs) have been deployed as WMD, indiscriminately killing and injuring numerous people. What actions have been taken to diminish terrorist acces..

Cash recievable and times interest earned : Find: CR(Cash Recievable), DR(Debt Ratio), TIE (Times Interest Earned), NPM(Net Profit Margin), ROA(Return on Assests) for all firms

Compute the correct forward rate implied by interest rates : The current level of real estate prices in Moscow seem to be on a reasonable level now and you consider that this is just the right time to step into the market. You have noticed a nice apartment in the Leninsky Prospekt close to the city centre. Co..

Write essay can make use of almost any organizational method : English 102- An analysis essay can make use of almost any organizational method. However, the easiest and the one that most students use, is to simply select certain actions, words, or the actions and words or other characters.

User Account

All Pages