How much of this is repayment of principal

Assignment Help Finance Basics
Reference no: EM131993600

You are planning on taking a loan for $61,000. You will repay the loan in annual payments over the next 11 years and the loan has a stated interest rate of 10%. For the very last payment on your loan, how much of this is repayment of principal?

Reference no: EM131993600

Questions Cloud

How different groups of people interact with each other : What methods do they employ to create and/or change the "rules" under which they live?
What kind of deal did the wide receiver snag : In March 2015, the Kansas City Chiefs signd Jeremy Maclin to a contract reportedly worth $55 million. Maclin's salary (including roster bonus).
Required rate of return : The machine's purchase price is $ 180,000 . The firm has a marginal tax rate of 35 percent and its required rate of return is 12 percent.
Find the present value of growth opportunities : The market consensus is that Analog Electronic Corporation has an ROE = 12%, has a beta of 2.10, and plans to maintain indefinitely its traditional plowback.
How much of this is repayment of principal : For the very last payment on your loan, how much of this is repayment of principal?
Demonstrate old and new world exchange : Identify three (3) major aspects that demonstrate old and new world exchanges. Explain your responses with specific examples and details.
Travel costs can melissa deduct as business expenses : What amount of the travel costs can Melissa deduct as business expenses?
What is the periodic interest rate : Your credit card, upon which you make monthly payments, has a quoted annual interest rate of 20.2 . What is the periodic interest rate?
What is the compensation to the investor in price terms : If the market price of a 10 year Zero Coupon Risk Free Bond is $61.391 and the market OAS of a 10 year Zero Coupon Corporate Bond is 135 basis points.

Reviews

Write a Review

Finance Basics Questions & Answers

  What is the value of an investment

What is the value of an investment that will pay investors 2,940 dollars per year for 7 years and will also pay investors an additional 9,150 dollars in 1 year.

  What is its return on stockholders equity

Fondren Machine Tools has total assets of $3,850,000 and current assets of $856,000. It turns over its fixed assets 1.9 times per year. Its return on sales is 6.7 percent. It has $1,890,000 of debt. What is its return on stockholders' equity? Roun..

  What might the firm be and need to continue doing well

what actions might the firm take to improve its outcome ? If there is a positive assessment, what might the firm be and need to continue doing well?

  Determine one 1 significant benefit to an organization that

suggest one 1 key economic factor that motivates leasing as an option in acquiring an asset. explain the potential

  Determine the effect on net income

Garner company $12 of vaiable and $5 of fixed costs to produce one bathroom scale which normally sells for $35. A foreign wholesaler offers to purchase 2,000 scales at $15 per.

  Value of foreign stocks in an investment portfolio

Discuss the value of foreign stocks in an investment portfolio. Do you want them? If so, which ones? Do you diversify the classes as you would domestic stock?

  Explain and defend why you agree or disagree

The company's CEO has stated if the company increases the amount of long term debt so the capital structure will be 60% debt and 40% equity.

  Calculate the pv of growthproject and nongrowthproject

a) Calculate the PV of GrowthProject and NonGrowthProject b) As a CEO, which project you should select, based your calculations in (a)

  Raft foundation of pumping stations

Why are voids filled with lightweight infilling material in raft foundation of pumping stations?

  Describe the management incentive argument

Describe the management incentive argument for the use of debt financing in real estate. Why might this argument be more relevant for understanding.

  Important for international firms to understand concepts

Also discuss some of the various international finance topics such as the foreign exchange market, purchasing power parity, interest rate parity, cross rates, and so on. Why is it important for international firms to understand these concepts?

  What is required before-tax rate of return on siena''s stock

what is the required before-tax rate of return on siena's stock?

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