What is the amount of each payment

Assignment Help Finance Basics

Reference no: EM133430317

Question: An engineering college want to a $80,323 trust fund for course textbooks each semester during the regular school (two times a year). If the fund has a 5% nominal interest rate compounded biannually, how much must be in the fund to start to keep it going indefinitely?

Calculate the EUAW if you make a $6,741 capital expenditure that should make $2,683 per year over the next 7 years. Your investment's TVOM is 16%

A company wants to replace a current machine. It will cost $1,762,503, 6 years from now. If they save $8,847 a month in an account that gives them 0.61 per month, how much money will they still need to pay for the machine.

You win a cash prize worth $12,431 that you want to use to buy a new car, worth $42,252. How much will your payment be, per month, if the dealer gives you a 6.5% nominal interest rate for 50 months.

You want to borrow $10,512. You must repay the loan in 10 years in equal monthly payments and a single $4,069 payment at the end of 10 years. Interest rate is 12% nominal per year.

What is the amount of each payment?

(Note that the single payment at the end of the period (aka balloon payment) is in addition to the regular payment scheduled for that period)

Reference no: EM133430317

Questions Cloud

Identify the purpose of the advertisement and the details : Identify the purpose of the advertisement and the details in the ad that show this purpose. What groups would be the intended audience of this advertisement

What is the figure of speech here and what is he asking : Desolate yet all undaunted, on this desert land enchanted- On this home by Horror haunted-tell me truly, I implore- Is there-is there balm in Gilead?

Operational and forecasting needs of retail industry : What are the operational and forecasting needs of the retail industry, and how can technology for forecasting be used to address these?

How did another person brainstorming list help you write : Discuss your answers to the following questions: How did another person's brainstorming list help you write your paragraphs? In what other situations can you

What is the amount of each payment : IME 403 California Polytechnic State University, Pomona Calculate the EUAW if you make a $6,741 capital expenditure that should make $2,683 per year over

Examine policies and procedures of your work placement : Examine policies and procedures of your work placement workplace and outline two policies and procedures that apply to supporting students' learning.

Transportation principles of economy of scale and economy : Compare and Contrast the transportation principles of economy of scale and economy of distance.

How does a image of a child in a wheelchair surrounded : How does a image of a child in a wheelchair surrounded by children refer to some of these concepts? How does the image of a deaf child with an earing aid

What is the maximum pre-tax lease payment : Southtown's policy is to require its lessees to make payments at the start of the year. What is the NAL for Wildcat? What is the maximum pre-tax lease payment

User Account

All Pages