What is effective annual rate on loan

Assignment Help Financial Management
Reference no: EM131906500

You want to buy a new sports coupe for $75,500, and the finance office at the dealership has quoted you a loan with an APR of 7.9 percent for 72 months to buy the car. What will your monthly payments be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Monthly payment $ What is the effective annual rate on this loan? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Effective annual rate.

Reference no: EM131906500

Questions Cloud

Why people disagree with the development of freud theories : Sigmund Freud, although one of the best-known personality theorists, is probably also one of the most controversial in the field of psychology.
Calculate the initial outlay of the project : Calculate the initial outlay of the project. Calculate the annual after-tax operating cash flow for Years 1 - 4.
Precipitate form in the mixed solution : A solution containing potassium bromide is mixed with one containing lead acetate to form a solution that is 0.013 M in KBr and 0.0035 M in Pb(C2H3O2).
Provide a historical and literature review : Provide a historical and literature review at a high level on one of several potential themes - Quantum Computing, Robots in Space and Bush re prevention
What is effective annual rate on loan : What is the effective annual rate on this loan? What will your monthly payments be?
How many grams of the starting material : If 3.54 g of Ba3(PO4)2 are produced by the reaction BaCl2(aq) + Na3PO4(aq) --> NaCl(aq) + Ba3(PO4)2(s), how many grams of the starting material, BaCl2.
Find the range of prices of the bond at the time of issue : find the range of prices of the bond at the time of issue such that Peter is willing to buy the bond.
Calculate the mole fraction of the gases : If the pressure of CO2 is 347 mmHg measured at the same temp and volume as the origional mixture, calculate the mole fraction of the gases.
How will you measure your dependent variable : Identify the independent variable. How will you manipulate your independent variable? How many levels will choose to have for your independent variable?

Reviews

Write a Review

Financial Management Questions & Answers

  Expected and required rates of return

What is the expected return for the overall stock market? What is the required rate of return on a stock with a beta of 1.5?

  Calculate this yield using a geometric average

EXPECTATIONS THEORY - Assume that the real risk-free rate is 2% and that the maturity risk premium is zero. If a 1-year Treasury bond yield is 5% and a 2-year Treasury bond yields 7%, what is the 1-year interest rate that is expected for Year 2? Calc..

  What is the value of the property today

Sairah purchased an investment property for $550,000, 2 years ago. What is the value of the property today?

  How much money do you receive from the buyer

If the trade executes, how much money do you receive from the buyer?

  Prestigious investment bank designed a new security

A prestigious investment bank designed a new security that pays a quarterly dividend of $5.00 in perpetuity. The first dividend occurs one quarter from today.

  How business could be adversely affected by political risk

You only need to know this background so that you can answer the related questions that are asked about your business. Answer each question as if you were serving on the board of your business or as a manager of the business.

  Document describing new security issue

A document describing a new security issue and the issuing company is called a(n) _____.?

  Firm can pay for project and still earn its required return

A firm is considering a project that will generate perpetual after-tax cash flows of $20,000 per year beginning next year. The project has the same risk as the firm’s overall operations and must be financed externally. Equity flotation costs 16 perce..

  Complete the table for a speculator who purchases put option

Assume the option will not be exercised until maturity, if at all. -  Complete the following table for a speculator who purchases the put option.

  Explain the cash conversion cycle and net working capital

Explain the cash conversion cycle (CCC) and net working capital. Why is this important to the contemporary executive? How do executive decisions regarding CCC and net working capital affect the company?

  Calculate casellos total stockholders equity

Casello Mowing & Landscaping's year-end 2015 balance sheet lists current assets of $435,700, fixed assets of $550,300, current liabilities of $417,100, and long-term debt of $315,500. Calculate Casello’s total stockholders’ equity.

  Considering new three-year expansion project

H. Cochran, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $2,190,000.

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!

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