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They decide to shop for furnishings for the new house. They choose items that amount to $3600.00. The store has 2 fixed installment loan options for purchasing:
Option 1: 20% down payment and financing at 6% simple interest per year for 3 years.
Option 2: no down payment and financing at 6.35% simple interest for 4 years.
Answer each of the following questions separately, showing all your work to reach each answer.
Question A. Which option will result in smaller total finance charge? What will that total finance charge be?
Question B. Which option will result in the smaller monthly payment? What will that monthly payment be?
Question C. They decide to defer any purchases and invest a $3600 bonus that Maria will be getting from work in a savings account. The interest rate is 1.6% compounded every month. How much interest will they earn in 3 years?
Question D. They decide to defer any purchases and loan the $3600 bonus to a needy relative at 2.5% simple interest per year. How long will the term of the loan need to be if they want to earn $400 in interest (assuming the loan is not paid off early).
Activate Ltd has an authorised capital of £600,000, Show the statement of changes in equity for each of the years 2015, 2016 and 2017.
Janice acquires machinery in 2015 that qualifies as seven year MACRS property and has a $100,000 basis for depreciation. The half year convention is applied in the year of acquisition. In December 2016, the machinery is sold. What is Janice’s depreci..
Now assume that the merchandise mentioned was included in Pearce's inventory, having been purchased from Searl. Calculate controlling interest in consolidated net income for 2011 and 2012.
During the year, the company issued $25,250 in new equity and paid off $21,350 in long-term debt. What was the company's cash flow from assets?
The Exchange Company is in the process of developing a new product called LS500. The company requires a 35% profit. The LS500 current design carries with it a total cost of $125. What is the sales price of the LS500 using markup costing? Round your a..
The company’s weighted average cost of capital is 12% and payments are made at the end of each month. Illustrate which is cheaper for the company: to buy or lease real estate? Show your computations.
What amount should Lino include as net cash provided by operating activities in the statement of cash flows?
Determine the Number of preference share issued, Cost of remaining treasury shares (acquired by purchase) at December 31, 2016
How should the unredeemed gift cards be reported on LatteBucks's 20X4 year-end financial statements - Which basis of accounting will Catastrophe adopt
Find the Debt Ratio if the company PURCHASES the equipment and Find the Debt Ratio if the company LEASES the equipment
Find a newspaper article or web page report of an item of accounting news, i.e. it refers to a current event, consideration, comment or decision that has been published after June 2013.
Valuation of Bond at applicable inflation rates and change in the risk free rates and what rate should you see for a three-year-maturity Treasury Bond in today's Wall Street Journal ?
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