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Rico needs approximately ?$2,700 to buy a new computer. A? two-year unsecured loan through the credit union is available for 12.50 percent interest. The current rate on his revolving home equity line is 9.25 ?percent, although he is reluctant to use it. Rico is in the 15 percent federal tax bracket and the 5.75 percent state tax bracket. Which loan should he? choose? Why? Regardless of the loan? chosen, Rico wants to pay off the loan in 24 months. Calculate the monthly payments for? him, assuming both loans use the simple interest calculation method. Click on the table icon to view the MILPF table
1) The? after-tax cost of the home equity loan percent?
2) The payment on the credit union loan would be?
3) The payment on the home equity loan would be?
4) The savings from the difference in payment over the life of the loan is?
5) The tax savings over the life of the home equity loan is?
6) The total savings over the life of home equity loan is?
Considering the insurance benefits needed to provide $40,000 over the next 15 years, plus the additional $330,000 of insurance coverage, what amount of insurance coverage is needed?
Which of the following statements regarding the efficient market hypothesis (EMH) is incorrect?
Given the following information, leverage will add how much value to the unlevered firm per dollar of debt? Corporate tax rate: 34%
Calculate today’s stock price for APC Inc. (APC) if last period’s dividend was $2.48 and its dividend growth forever is expected to be 7% (assuming a required rate of return of 12%)?
J. Ross and Sons, Inc. has a capital structure that calls for 40 percent debt, 10 percent preferred stock, and balance common stock. The firm's current after-tax cost of debt is 6 percent, and it can sell as much debt as it wishes at this rate. What ..
You are called in as a financial analyst to appraise the bonds of Olsen’s Clothing Stores. The $1,000 par value bonds have a quoted annual interest rate of 11 percent, which is paid semiannually. Compute the price of the bonds based on semiannual ana..
Flint Corp. recently purchased auto parts worth 17.5 million Mexican pesos (MP). Management needs to find out the U.S. dollar cost of the payables. It has access to two quotes for Canadian dollars (C$): C$1.3174/$ and C$0.1271/MP. What will it cost F..
A broker wants to sell a customer an investment costing $100 with an expected payoff in one year of $104. The customer indicates that a 7% return is not very attractive. The broker responds by suggesting the customer borrow $80 for one year at 3% int..
ABC Corp. mines copper, with ?xed costs of $0.60/lb and variable cost of $0.30/lb. The 1-year forward price of copper is $1.10/lb. The 1-year effective annual interest rate is 6.2%. If ABC Corp. does nothing to manage copper price risk, what is its p..
CBD Computer Inc. is attempting to estimate its needs for funds during each of the months covering the third quarter of 20XX. Pertinent information is given below: a. Past and estimated future sales for 20XX: April $80,000 July $ 90,000 May 95,000 Au..
Your friend just won the lottery. He has a choice of receiving $50,000 a year for the next 20 years or a lump sum today. The lottery uses a 15% discount rate, compounded monthly. What would be the lump sum your friend would receive?
Dr. Harold Wolf of Medical Research Corporation (MRC) was thrilled with the response he had received from drug companies for his latest discovery, a unique electronic stimulator that reduces the pain from arthritis. Thirty percent of the buyer’s gros..
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