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1. Republic Bank advertises their interest rates at 7 ½ %. You decide to apply for a loan in the amount of $9,000 for 90 days. The bank grants your loan and the loan officer tells you that there is a document preparation fee of $150 that needs to be paid at the time you sign the documents for the loan. Find the APR. Assume a 360-day year.
2. You took out a loan of $5,000 on May 2 and went back on June 15 to make a payment of $1,200. The loan was at 4% for 1 year. What was your remaining balance after making that payment? Assume an exact year.
The cost of capital is used as a discount rate because:
the following capital structure is taken from bata boots co. balance sheet for the fiscal year ended april 30 2005.
Many traditional “bricks and mortar” industries have been faced with rapid technological changes.
A decision that would be affected by information on an organizations financial statement would be the ability to get financed.
You receive a credit card application from Shady Bank Savings and Loan offering an introductory rate of 1.6% per year,
At what interest rate would you be indifferent between the two? How about at interest rates below the break-even rate?
Does your article reference federal laws in place to discourage this type of illegal behavior?
You have just borrowed $235,000 using a 1/1 ARM where payments for the first year are interest-only and the balance of the loan is fully amortized over the remaining 29 years. The initial composite rate as well as the initial interest rate for the fi..
Income resulting from an increase in the value of an investment is a. A collection of securities and other investments is called.
What is the Cross Over point for these mutually Exclusive Projects?
The current yield measures the bond's total rate of return. Many investors may be drawn to municipal bonds because of the bonds':
What is the P/E ratio that investors are willing to pay for a share of Company Z's stock?
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