User Account

All Pages

Tramp receive by prepaying the loan

Assignment Help Finance Basics
Reference no: EM133204784

Mr. Tramp made a mortgage 5 years ago for $85,000 at 8.25 percent interest and a 15-year term. Rates have now risen to 10 percent for an equivalent loan. Mr. Tramp's lender is willing to discount the loan by $1,000 if he will prepay the loan. What rate of return would Mr. Tramp receive by prepaying the loan?

Reference no: EM133204784

Questions Cloud

What are the types of audit report opinions : What are the types of audit report opinions? When should an auditor issue each report? What is the importance of Auditor's Risk Assessment process
Explain the type of management systems : Working on a Management exercise and need support. In a very brief assignment, kindly explain the type of management systems.
Company financials and future business prospects : You are a banker who has been approached by this company to borrow a sum of money (you decide how much, and why). Based on the company's financials and its futu
Perform a recruitment analysis for an organization : Perform a recruitment analysis for an organization to estimate the specific new talent requirements needed in the long and short term
Tramp receive by prepaying the loan : Mr. Tramp made a mortgage 5 years ago for $85,000 at 8.25 percent interest and a 15-year term. Rates have now risen to 10 percent for an equivalent loan. Mr. Tr
Decision-making task need to perform in future career : Identify a decision-making task that you would need to perform in your current career or future career, and explain how you would apply some of the knowledge
How the trainee makes a development plan : Which of the above identified skills do you need to improve? As part of your development plan, a schedule to develop those skills
Compute total annual expenses for this department : ACCT 321 Government and Non-Profit Accounting Assignment - Saudi Electronic University - Compute total annual expenses for this department
John and margaret estate plan : You are meeting with John and Margaret for your second meeting. You have all the information listed above however you find there may be missing information.

Reviews

Write a Review

Finance Basics Questions & Answers

  Set for the third wednesday of march

Account payable is due on March 5th 2018, and the futures price is set for the third Wednesday of March, which is March 21st 2018.

  What was rao operating income

It had $8.50 million of bonds outstanding that carry a 7.0% interest rate, and its federal-plus-state income tax rate was 25%. What was Rao's operating income,

  What are the trade offs

Consider the situation where you are testing the null hypothesis- What are the trade-offs here? Essentially, what is the advantage of a larger sample size?

  The firm is considering adding a mid-class spa and expects

cool comfort currently sells 300 class a spas 450 class c spas and 200 deluxe model spas each year. the firm is

  Cash flow associated with the first year of operation

What is the operating cash flow associated with the first year of operation?

  What is the exchange rate in terms of yen per dollar

If the spot rate is quoted as $0.009369/¥, what is the exchange rate in terms of yen per dollar?

  Present value of a 5-year ordinary annuity

What is the present value of a 5-year ordinary annuity with annual payments of $251.45, evaluated at a 15 percent interest rate?

  Example of vertical and horizontal integration

What could be an example of vertical and horizontal integration? What are the advantages and disadvantages to these two types of integration?

  Important for international firms to understand concepts

Also discuss some of the various international finance topics such as the foreign exchange market, purchasing power parity, interest rate parity, cross rates, and so on. Why is it important for international firms to understand these concepts?

  Rabie inc has an issue of preffered stock outstanding that

rabie inc. has an issue of preffered stock outstanding that pays a 3.80 dividend every year in perpetuity. if this

  International business and trade

A contract is mutual because its establishment, enforcement, and effects are determined by all parties to it.

  Four perspectives of the bsc

Indicate a measure for each of the four perspectives of the BSC that Just Dogs might useto help them track their performance. You should have four measures in each category.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd