What is the equivalent annual percentage rate on loan

Assignment Help Finance Basics
Reference no: EM132589758

You are considering buying a new car. The sticker price is $37,750 and you have $5,000 to put toward a down payment. If you can negotiate a Flat interest rate of 7.5 percent and you wish to pay for the car over a 4-year period. What is the equivalent Annual Percentage Rate on this loan?

Reference no: EM132589758

Questions Cloud

What is the expected rate of return on aaa stock : Consider the simple two-period model. Let today be period zero and tomorrow be period 1. Assume that today's price of AAA
How much revenue shall camouflage company recognize : How much revenue shall CAMOUFLAGE COMPANY recognize in 2021?On December 1, 2021, CAMOUFLAGE COMPANY granted a 5-year franchise
How to earn an annual return : How much will Gerard need in his retirement account at age 65 if his fund is expected to earn an annual return of 8.5%?
Provide all the journal entries during contractual period : Provide all the journal entries during the contractual period.An entity enters into a contract with the customers to sell an asset. control of the asset
What is the equivalent annual percentage rate on loan : If you can negotiate a Flat interest rate of 7.5 percent and you wish to pay for the car over a 4-year period. What is the equivalent Annual Percentage Rate on
Leadership style and strategy : Explain why those competencies are important and how the information you gleaned from this course will improve your own leadership style and strategy.
What experience do you have using rti with children : What experience do you have using RTI with children? Explain how you use RTI. If you do not have any experience with RTI, what are your thoughts on using RTI.
Find out the earnings per share for the year : The statement of financial position reports ordinary shares of ksh2 par value of ksh 1,000,000,000 what was the earnings per share for the year?
Prepare the adjusting journal entries at december : Prepare the adjusting journal entries at December 31, 20x5 for each of the two lease agreements. Prepare the journal entry for the year ended December 31, 20x6

Reviews

Write a Review

Finance Basics Questions & Answers

  To what extent are anxiety and powerlessness correlated

To what extent are anxiety and powerlessness correlated? Is there a causal relationship between the two?

  Calculate pension benefit payments

Using a Spreadsheet to Calculate Pension Benefit Payments: Your employer uses a final pay formula to determine retirement payments to its employees.

  Why the short-term project might be ranked higher

Fin534- Analyze the reasons why the short-term project that you have chosen might be ranked higher under the NPV criterion if the cost of capital is high, while the long-term project might be deemed better if the cost of capital is low.

  Net present value of project with initial cost

What is the net present value of a project with an initial cost of $36,900 and cash inflows of $13,400, $21,600, and $10,000 for Years 1 to 3, respectively? The discount rate is 13 percent.

  Investors and the potential contributions to entrepreneurs

Beatrice Watts is interested in launching her own bakery in her community. She has long wanted to do this given her interest in baking and her desire.

  Calculate the terminal net profit value for a covered call

For each of the following expiration date values for the unhedged equity position, calculate the terminal values (net of initial expense) for a protective put strategy. 35, 40, 45, 50, 55, 60, 65, 70, 75

  Find the bond-yield-plus-risk-premium

Computation of cost of debt bonds and common equity for WACC - What is the bond-yield-plus-risk-premium estimate for Coleman's cost of common equity?

  What is the forward premium or discount

If one year interest rate in UK and Japan are 1.034% and 0.256% respectively; the spot exchange rate is 172.70 JPY/GBP. What is the forward premium or discount?

  What kind of business regulations would you impose

what kind of business law system would you adopt -a civil law system or a common law system, and why? 2) What kind of business regulations would you impose?

  Date of the end of the term of the investment

If she made the deposit on February 25, determine (a) the date of the end of the term of the investment, and (b) the ordinary interest Sarai will earn.

  Calculate the forward premium suggested by the quote

You observed that the 3-month forward rate quote from TD Bank is $1.30/€1. Calculate the forward premium suggested by the quote.

  Reserve requirements on time deposits

What would be the estimated Eurodollar deposit rate if the domestic U.S. dollar deposit rate is 8½%, the reserve requirements on time deposits

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