What is principal outstanding right after eighth payment

Assignment Help Financial Management
Reference no: EM131851615

A $1000 loan is to be repaid in ten installments, one due at the end of each year for ten years. The first five payments are $K each. The last five payments are $2K each. What is the principal outstanding right after the eighth payment? (No additional information given)

Reference no: EM131851615

Questions Cloud

Higher discount rates will : Higher discount rates will. The longer the time period that funds are invested, the greater the future value.
What is the amount of each interest payment : What is the amount of each interest payment if the face value of the bonds is $1,000?
What annual rate of return would she have earned : If an investor had purchased the security at market on March 28, 2018, and held it until it matured, what annual rate of return would she have earned?
Resulting tax savings to the company on interest payment : What is the resulting tax savings to the company on the interest payment?
What is principal outstanding right after eighth payment : The first five payments are $K each. The last five payments are $2K each. What is the principal outstanding right after the eighth payment?
What is the present value of investment : If the company uses a discount rate of 17 percent on its investments, what is the present value of this investment?
What is the size of your needed nest egg : How much money do you need at the beginning of your retirement years, to “just meet” your retirement needs (i.e. what is the size of your needed nest egg)?
What are the projected sales for last year before the sale : What are the projected sales for the last year before the sale?
What is the amount of money invested in the stock : What is the amount of money invested in the stock? What is the amount of money to be lent at the risk-free interest rate?

Reviews

Write a Review

Financial Management Questions & Answers

  Expansion project-requires initial fixed asset investment

Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.85 million. The fixed asset will be depreciated straight-line to zero over its three-year tax life.

  Corporation has gross income from operations

Fisafolia Corporation has gross income from operations of $220,000 and operating expenses of $160,000 for the current year.

  What is beta of your portfolio

What is the beta of your portfolio? You have $114,000 to invest in a portfolio containing Stock X and Stock Y.

  What is the amount of the monthly payment

What is the amount of the monthly payment?

  How has the stock performed relative to the market

How has the stock performed relative to the market

  Describe investment alternative and the benefits

Describe investment alternative and the benefits of using them.

  What is the size of the teaser

An adjustable rate mortgage is offered with an initial interest rate of 7.00%. What is the size of the "teaser"?

  Your current mode of operation and the new option

At what point will you be indifferent between your current mode of operation and the new option?

  Financial leverage is through the dividend decision

One way that companies can adjust their financial leverage is through the dividend decision. The greater the dividend, the smaller the total equity (as Retained Earnings gets drawn down). What factors should management consider in deciding on the amo..

  Maintain at least the target minimum cash balance

Revise your pro forma financial statements for 1996 and 1997 on the basis of the following assumptions: a. Short-term loans will be repaid when sufficient cash is available to do so without reducing the liquidity of the firm below the minimum require..

  Create business plan outline-fixed and variable costs

Create a BUSINESS PLAN OUTLINE for a Brewing company in California. The Economics of the Business. Revenue Drivers and Profit Margins. Fixed and Variable Costs. Operating Leverage, and Its Implications

  No dividends will be paid on stock over next nine year

Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next nine years, because the firm needs to plow back its earnings to fuel growth. The company will pay a dividend of $15 per share in 10 years and ..

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