User Account

All Pages

What is the annual rate of interest on loan

Assignment Help Finance Basics
Reference no: EM133005199

The treasurer of Brandon Blue Sox is seeking a $28,000 loan for 180 days from the Brandon Credit Union. The stated interest rate is 10 percent and there is a 15 percent compensating balance requirement. The treasurer always keeps a minimum of $2,300 in the firm's chequing account. These funds could count toward meeting any compensating balance requirements. What is the annual rate of interest on this loan?

Reference no: EM133005199

Questions Cloud

What was your total rate of return on this investment : You purchased a bond for $1,000. At the end of a year, the bond paid interest of $90. What was your total rate of return on this investment
At what amount is the building reported : Percy Inc. acquired 80% of the outstanding stock of Sillson Company in a business combination. At what amount is the building reported
Compute the book value per share of the preferred shares : Preferred Shares, $6.00, cumulative, 20000 shares authorized, 3000 shares issued 50000. Compute the book value per share of the preferred shares
Analyze amazon using the competitive forces : Analyze Amazon using the competitive forces and value chain models. How has it responded to pressures from its competitive environment
What is the annual rate of interest on loan : The treasurer of Brandon Blue Sox is seeking a $28,000 loan for 180 days from the Brandon Credit Union. The stated interest rate is 10 percent and there is a 15
How large a dividend will each shareholder receive this year : If the company maintains a constant dividend payout ratio each year, how large a dividend will each shareholder receive this year
LEH 352 Studies in Literature Assignment : LEH 352 Studies in Literature Assignment Help and Solution, Lehman College - Assessment Writing Service
American put option with an exercise price : An American put option with an exercise price of $15, sells for $7.50; the stock price is $6 presents an arbitrage opportunity ( Assume no transaction cost and
Calculate the break-even point in units and sales dollars : Brown Company makes printers that sell for $400 each. Sales for the coming year are expected to be 18,000 units. Calculate the break-even point in units

Reviews

Write a Review

Finance Basics Questions & Answers

  How much cash will an individual have at age 65 if he or

a if an individual places 4000 per year into a roth individual retirement account beginning at age of 35 how much cash

  Analyze the infrastructure of vietnam

Analyze the infrastructure of Vietnam with regard to availability of transportation, communication, and utilities, that attracts Apple to invest

  Find the probability that a randomly selected customer

Find the probability that a randomly selected customer takes more than 10 minutes if the average is 8.56 minutes with a standard deviation of 1.04 minutes

  What is the breakeven cost per killowatt hour

CFL's have become more popular in recent years but do they make financial sense? Suppose a typical 60 watt light bulb cost $0.44 and last for 1,000 hours. A 15 watt CFL which provides the same light costs $3.35 and lasts 12,000 hours. A kilowatt hour..

  What is the expected exchange rate in one year

Annualized interest rates in the U.S. and France on January 1, 1991 are 9% and 13%, respectively. The spot value of the franc is 0.1109 per dollar.

  What is a nonrecourse mortgage loan

What is a nonrecourse mortgage loan? Why do you think most permanent commercial mortgage loans are nonrecourse but residential mortgages as well as.

  It is sometimes suggested that stocks with low

it is sometimes suggested that stocks with low price-earnings ratios tend to be under priced. describe a possible test

  Per-share value of the company common stock

What is the per-share value of the company's common stock?

  What is the economy current stage in the business cycle

What is the economy's current stage in the business cycle? Support your answer with an article written within the last week from the popular press or blog.

  What is an estimate of the wacc for computer sales?

Your company has two? divisions: One division sells software and the other division sells computers through a direct sales? channel, primarily taking orders

  Computation of net present value and return on investment

Computation of net present value and return on investment and Create a template like the attachment or use the template however just remember to use the numbers given in the assignment

  Test statistic and approximate the p-value

Calculate the value of the test statistic and approximate the p-value.

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