Reference no: EM132992446
Question - Compound Interest - Which is worth more at 9%: $1,000 today or $2,500 after 8 years?
The movements of a customer's credit account at a department store are:
Balance on February 5: $5,000
Debit on February 28: $1,000
Credit on April 15: $2,000
Charge on June 30: $2,500
Charge on July 31: $1,500
Credit on September 30: $10,000
If the store charges an interest rate of 72% p.a. What amount will the customer have to pay on September 30 to settle his account?
Assuming you had a certain amount of cash on hand, how much money would you be willing to lend to your cousin who offered to pay you back $65,000 in 7 years, if the interest rate is 8% per year?
A person bought a car paying $59,500 on January 1 and sold it on June 1 of the following year for $66,000. Considering that the market interest rate is 55% per year, was the operation convenient if you consider it an investment? Justify.
|
Explain calculation and interpretation of cost of capital
: Finance for Healthcare Topic: Cost of Capital Explain the calculation and interpretation of the cost of capital. In your response, consider how this cost impact
|
|
Prepare all journal entries related to the warranty
: Prepare all journal entries related to the warranty for 2020. Also Calculate the amount of Estimated Warranty Payable to be reported on the Balance Sheet
|
|
What is the portfolio beta
: Your investment club has only two stocks in its portfolio. $50,000 is invested in a stock with a beta of 0.8, What is the portfolio beta
|
|
What would be the effect under the straight-line
: What would be the effect under the straight-line, sum-of-the-years'-digits, and double-declining-balance depreciation methods?
|
|
What amount will the customer have to pay on September
: If the store charges an interest rate of 72% p.a. What amount will the customer have to pay on September 30 to settle his account
|
|
How would receipt be recorded on flathound properties books
: How would this receipt be recorded on Flathound Properties' books on 1/1/2016? On January 1, 2016, Flathound Properties received $22,800
|
|
How much bad debt expense year given that actual write-off
: On 12/31/2020, your customers collectively owed, Given that the actual write-off was $6 million in 2020, how much was the bad debt expense this year?
|
|
Calculate the present value of a perpetuity bond
: Calculate the present value of a perpetuity bond that is expected to pay P50 of interest per year forever if the investor requires an annual return of 8 percent
|
|
Analyse terms of capital market response to unexpected
: Critically analyse the article in terms of capital market response to unexpected announcements. Vodafone was the biggest faller on the FTSE 100 on Tuesday
|