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The end of the month has arrived and Marina was only able to save up $175 to pay off her pay-day loan of $900. This means she will have to delay payment on the remaining $725 until next month. Besides the delayed payment fee that she is charged, she will now have to pay interest on the remaining amount. The APR (annual percentage rate) is 47%, but the interest is compounded daily.
What is the effective interest rate that Marina will actually be paying?
If no payments are made, a loan of amount $23000 would increase to $25616.89 after 2 years of monthly compounding interest
You have been given financial statements and asked to analyze financial performance of your division. Other managers have suggested you use financial ratios in your analysis.
The Alligator Lock Company is planning a two-for-one stock split. You own 5,000 shares of Alligator's common stock that is currently selling for $120 a share. What is the value of your Alligator stock now, and what will it be after the split?
Explain why IT projects (such as Web site development or redesign) are less likely to be delivered on time and within budget than large building construction projects.
Explain in your own words why a software developer might want to request from the user only a minimum number of permissions for an app.
The parsimonious projection method relies on sales growth, net operating profit margin (NOPM), and asset turnover (AT) to project net operating profit after.
The Waylands’ investment adviser told them that their share of the tax loss in the first year alone would be in excess of their initial cash investment. This would be followed by several more years of losses. They feel confident that their interest i..
Describe the life cycle approach for teaching entrepreneurial finance.
When implementing plans for the acquisition of physical resources and services, with who might you consult? Provide at least three examples.
Assume you are considering investing in AAA corporate bonds. How does this information affect your analysis of that decision? Why?
what is the maximum monthly mortgage payment for which he can qualify? Monthly Gross Income $5,000 Car payment 800 Other installment debt 500.
The cost of using the equipment is $250. The materials used in one shirt cost $10, and Gina can sell these for $15 each. How many shirts must Gina sell to break even?
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