What is the effective annual rate on these loans

Assignment Help Financial Management

Reference no: EM131912071

Up-Front Bank uses discount loans for all its customers who want one-year loans. Currently, the bank is providing? one-year discount loans at 8.2%.

a. What is the effective annual rate on these loans?

b. If you were required to repay $285,000 at the end of the loan for one year, how much would the bank have given you at the start of the loan?

Reference no: EM131912071

Questions Cloud

What is the APR for these monthly loans : What is the APR for these monthly loans? What is the monthly payment for a loan of.

Efforts arrangement-what are proceeds for lunar vacations : Under the best efforts arrangement, what are the proceeds for Lunar Vacations?

Consider an hiv prevention program : To prepare for this Discussion, consider an HIV prevention program being proposed by a professor at a local university.

How many bonds will rawlings need to sell to raise : Rawlings needs to raise ?$42,500,000 for its new manufacturing plant in Jamaica. How many bonds will Rawlings need to sell to raise the ?$42,500,000??

What is the effective annual rate on these loans : What is the effective annual rate on these loans?

Effective annual interest rate on lending arrangement : What is the effective annual interest rate on this lending arrangement? Suppose you need $18.62 million today and you repay it in four months.

Contrast the five professional wine associations : You will be expected to answer in no less than 500 words and no more than 800 words. You will also be expected to use a specific example as a demonstration.

What you believe to be the most important characteristics : You will write a short (2 pages maximum) essay outlining what you believe to be the most important characteristics of good democratic citizens.

Define audience and characters : List nine (9) steps recommended for a beginning teacher presenting a flannel board activity for the first time.

User Account

All Pages