What is her monthly payment by add-on method

Assignment Help Financial Management
Reference no: EM131615934

For the best terms on a loan or credit card, you need a credit score above 700. To achieve this, start establishing credit now. Pay all of your bills on time. In addition, use only one-third of your available credit limit and pay off your revolving balance(s) each month. R.J.Johnson has excellent credit. She wants to purchase a piece of equipment for her business and was offered 5% for 48 months for the $45,000 unit.

What is her monthly payment by add-on method?

Reference no: EM131615934

Questions Cloud

How much are you willing to pay for one share of lbm stock : How much are you willing to pay for one share of LBM stock if the company just paid a $1.23 annual dividend,
Concerning the change in working capital is most accurate : J.B. Enterprises purchased a new molding machine for $85,000. Which of the following statements concerning the change in working capital is most accurate?
Determine the effect of inventory turnover ratio : Winston Inc. is trying to determine the effect of its inventory turnover ratio and days sales outstanding on its cash conversion cycle.
What is actual sales amount and sales tax amount : Don Chather bought a new Dell computer for $1,475. What is Actual Sales amount $ and Sales tax amount $
What is her monthly payment by add-on method : For the best terms on a loan or credit card, you need a credit score above 700. What is her monthly payment by add-on method?
What annual payment would be acceptable to? her : What interest rate assumption have the defendants used in their offer? (rounded to the nearest whole?percent)? What annual payment would be acceptable to? her?
Find the variance and standard deviation : Find the variance and standard deviation of X.
Bonds are default free and have the same market price : The inflation rate over the next two years is expected to be 1.55 percent. Assume that both bonds are default free and have the same market price.
How much interest is earned : What is the price of such an annuity if the guaranteed interest rate is 3% compounded monthly? How much interest is earned?

Reviews

Write a Review

Financial Management Questions & Answers

  Zero coupon bond-what is price of the bond

You find a zero coupon bond with a par value of $10,000 and 19 years to maturity. What is the price of the bond?

  What is the standard deviation of the portfolio

Security F has an expected return of 10 percent and a standard deviation of 26 percent per year. Security G has an expected return of 17 percent and a standard deviation of 58 percent per year. We form a portfolio composed of 30 percent of security F..

  How many of the zeroes would you need to issue

Suppose your company needs to raise $35.8 million and you want to issue 23-year bonds for this purpose. How many of the zeroes would you need to issue?

  Future price be in order than no arbitrage opportunity exist

What must the futures price be in order than no arbitrage opportunity exist?

  Retirement strategy is to invest

Your retirement strategy is to invest 500 per month in an equity mutual fund and 200 per month in a bond fund. Your retirement date is 30 years from now. The expected return on the stock fund is expected to be 8% and the expected return on the bond f..

  What is the current market price of the bond

A 5.5 percent $1,000 bond matures in 7 years, pays interest semi-annually, and has a yield to maturity of 6.23 percent. What is the current market price of the bond?

  Changes in sales cause changes in profits

Changes in sales cause changes in profits. Would the profit change associated with sales changes be larger or smaller if a firm increased its operating leverages?  Should the asset investment and financing decisions be jointly determined, or should e..

  How much will you pay for the companys stock today

Metroplex Corporation will pay a $3.04 per share dividend next year. -how much will you pay for the company's stock today?

  In a principal–agent view of bureaucratic behavior

In a principal–agent view of bureaucratic behavior, a bureaucratic agency’s principals are A. The firms from whom it makes purchases. B. The President. C. The citizen taxpayers. D. Its staff members.

  Calculate rate of return on equity for each firm

Firms HL and LL are identical except for their financial leverage ratios and the interest rates they pay on debt. Each has $21 million in invested capital, has $3.15 million of EBIT, and is in the 40% federal-plus-state tax bracket. Calculate the ret..

  Develop theory and application of capital budget analysis

During week 6 we develop the theory and application of capital budget analysis.

  Effective annual return on its consumer loans

Tai Credit Corp. wants to earn an effective annual return on its consumer loans of 14.9 percent per year. The bank uses daily compounding on its loans. What interest rate is the bank required by law to report to potential borrowers?

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