Reduce the monthly loan repayments

Assignment Help Financial Management

Reference no: EM132001124

A small business refits its store. The builders charge them $128,000 which will be paid back in monthly installments over three years at 8.7%APR. The builders will reduce this rate to 8.2 % APR if they pay $2560 up front. By approximately how much will this reduce the monthly loan repayments? ?

Reference no: EM132001124

Questions Cloud

Which types of spending might have a longer-term impact : Why is it possible that the stimulus package might not generate long-term benefits? Which types of spending might have a longer-term impact?

Cover the cost of the balance remaining on the loan : What is the minimum price for which they can sell the copier so that they can cover the cost of the balance remaining on the loan?

Calculate the implied per unit holding cost : Assuming order costs are $55 per order, total periodic demand is 100,000 units and the EOQ is 24,000 units, calculate the implied per unit holding cost

Interpret and evaluate the events from your perspective : Write a reflection report discussing and analysing any two topics explored in this course. Students are required to discuss not only their understanding

Reduce the monthly loan repayments : By approximately how much will this reduce the monthly loan repayments? ?

Prepare a statement of revenues and expenditures : Prepare a statement of revenues, expenditures, and changes in net fund balance in which you compare actual and budgeted amounts

Subscriptions to economics statistics apps : Assume that each year this consumer buys only annual subscriptions to economics statistics apps and subscriptions to office productivity apps.

What is the discounted payback period : What is the discounted payback period if the discount rate is zero percent?

Shelves alongside? ray-bans and oakley glasses : Google Glass is still a ways off from becoming a product sitting on store shelves alongside? Ray-Bans and Oakley glasses.

User Account

All Pages