How much was the original loan amount

Assignment Help Accounting Basics
Reference no: EM133112676

Question - Katie is paying $87 every month on her car loan. If the loan lasts 4 years and has a 6.5% interest rate, how much was the original loan amount?

Reference no: EM133112676

Questions Cloud

Factors affect your decision to get an mba : What other, perhaps nonquantifiable, factors affect your decision to get an MBA?
What are the relevant cash flows : Thoma Pharmaceutical Company may buy DNA-testing equipment costing $60,000. This equipment is expected to reduce labor costs of the clinical staff by $20,000 an
Compute the fair value of the share option for year ended : SMA Bhd granted 1,000 share options to each of its 10 employees on 1 January 2019. Compute the fair value of the share option for year ended
What is the value of the put option : 1. Construct a synthetic security to mimic the following call option. Then find the value of this synthetic security (call option).
How much was the original loan amount : Question - Katie is paying $87 every month on her car loan. If the loan lasts 4 years and has a 6.5% interest rate, how much was the original loan amount
Determine the total tax rate : Cory is going to buy a used Chevy Impala from Larry Miller kia. the agreed upon price is $15,250. he will trade in his old car and they will give him $6,000 for
Estimating the cost of bank credit : Paymaster Enterprises has arranged to ?nance its seasonal working-capital needs with a short-tenn bank loan. The loan will carry a rate of '14 percent per annum
Identify three common problems that arise when people work : Identify three common problems that arise when people work in teams. Explain one solution to each of these problems.
Information regarding financial forecast for new business : Consider the following information regarding the financial forecast for a new business:

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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