User Account

All Pages

What are the level payments

Assignment Help Finance Basics
Reference no: EM132601958

Habib Bank makes a loan of $1250000 for a term of 21 years at an interest rate of 9.850000000000001% compounded 2 times per year. The loan will be repaid with level payments at the end of each month.

a) What are the level payments?

b) If Habib Bank does not re-invest the loan payments, how much money will they have at the end of 21 years?

c) If Habib Bank re-invests the loan payments each month in an account earning 2.35% (compounded 2 times per year), how much money will they have?

Reference no: EM132601958

Questions Cloud

Differences between stock dividend and stock split : Contrast the differences between a stock dividend and a stock split.
What is the nominal annual rate compounded monthly : Leo has a car loan with 4 years left. The outstanding balance on the loan is $30000 and his monthly payments (at the end of each month) are $738.03.
Find what entry would be required to show the correct year : A fishing licence fee of $600,000, Find What entry would be required to show the correct Year to date expense of that licence fee?
Formulate the business rationale for an information system : Discuss the types of information systems and data used in business operations and Formulate the business rationale for an information system
What are the level payments : Habib Bank makes a loan of $1250000 for a term of 21 years at an interest rate of 9.850000000000001% compounded 2 times per year.
Western world theory : Write a paper that examines what the repercussions might be of applying a Western World theory in a non-Western area.
Find what will the bond sell for today : What will the bond sell for today? Suppose ABC issues a bond today with a $10,000 face value and a coupon rate of 10%. If the bond has a life of 10 years
Compute the 6-month forward myr : The ISO currency code for the Indonesian Rupiah is IDR, and the code for the Malaysian Ringgit is MYR.
Prepare a memo to the vice-president outlining the problems : Prepare a memo to the Vice-President outlining the problems you have encountered in the past and how they could have been avoided

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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