Manual trial calculation of the irr

Assignment Help Basic Computer Science
Reference no: EM132272011

How do you calculate this question on excel as well:

Your client wishes to insure their Ferrari. Mooncorp Insurance has quoted an annual premium to insure the car of $15,000. Mooncorp offers a 5% discount if you pay the lump sum immediately. They also offer an alternative payment method. The account can be paid in full by making 12 equal start-of-the month payments of $1,400, rather than the lump sum, with the first payment due upfront.  What is the effective annual opportunity cost of paying monthly? In other words, what interest rate is being charged if your client decides to use the repayment plan as opposed to the lump sum?

You must provide one complete manual trial calculation of the IRR to demonstrate that you understand the process. Failure to follow this instruction will attract a mark of zero.

(Rates as a percentage accurate to one basis point)

Reference no: EM132272011

Questions Cloud

What is the project pi : What is the project's PI? Do not round your intermediate calculations. Round your answer to two decimal places.
What is the breakeven quantity : Davis Inc. has fixed operating costs of $1,000,000 and variable costs of $80 per unit. If it sells the product for $100 per unity, what is the breakeven quantit
Calculate the intrinsic value using the multi-stage : Calculate the intrinsic value using the multi-stage dividend discount model. Pepsico's required rate of return is 8%.
Yearly depreciation for the cooking equipment : What is the yearly depreciation for the cooking equipment?
Manual trial calculation of the irr : You must provide one complete manual trial calculation of the IRR to demonstrate that you understand the process. Failure to follow this instruction
Advise Bertini by focusing on issues of collateral contract : MLC707 - Commercial and Corporations Law Assignment, Deakin Law School, Australia. Advise Bertini by focusing in particular on issues of collateral contract
Compare and contrast irr-arr-npv-payback period : Compare and contrast IRR, ARR, NPV, Payback period, and profitability index?
Calculate the amount of money she would have to invest : If she can earn 10% per year in an equity mutual fund, calculate the amount of money she would have to invest in equal annual amounts to achieve her retirement
What is the asset beta : The firm's market value debt to equity ratio is .6. Template has a zero tax rate. What is the asset beta?

Reviews

Write a Review

Basic Computer Science Questions & Answers

  Millions of unsecured computer networks

Discuss how today, the internet has brought millions of unsecured computer networks into communication with each other.

  Deal with the starvation problem

Can a system detect that some of its processes are starving? If you answer "yes," explain how it can. If you answer "no," explain how the system can deal with the starvation problem.

  Register mapping and then any possible

First do the register mapping and then any possible instruction reordering. How many machine registers are used? Has there been any pipeline improvement?

  Writing query for database normalization

Consider the relation R, which has attributes that hold schedules of courses and sections at a university;

  Find default amount of time that entry remains in arp cache

Determine the default amount of time that the entry remains in ARP cache before being removed. You can find this empirically (by monitoring the cache contents).

  Comprehensive understanding of a topic

The research paper is an individual assessment that measures your comprehensive understanding of a topic central to the course.

  Unix shell programming

Write a program called home5. Write a program called home that takes the name of a user as its single argument and prints that user's home directory. So home steve would print /users/ steve if /users/ steve is steve's home directory.

  What is networking appliance thought as one collision domain

This networking appliance can be thought of as one collision domain. What is it

  Find the current conversion rate for u.s. dollars

Display the answer. Each conversion should take place in its own method.

  What is html5

Is hypertext markup language (HTML) important to building Web sites? Why or why not? Thoroughly explain.

  Sodium sulfate is slowly added to a solution

Sodium sulfate is slowly added to a solution containing 0.0500 M Ca2 (aq) and 0.0390 M Ag (aq). What will be the concentration of Ca2 (aq) when Ag2SO4(s) begins to precipitate?

  Why was iris justified in determining who the owner

Why was Iris justified in determining who the owner of the CD was?

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