What is the loan balance

Assignment Help Financial Management
Reference no: EM131982012

A $200,000 loan amortized over 14 years at an interest rate of 10% per year requires payments of $21,215.85 to completely remove the loan when interest is charged on the unrecovered balance of the principal. If interest is charged on the original principal instead of the unrecovered balance, what is the loan balance after 14 years provided the same $21,215.85 payments are made each year?

The loan balance is $

Reference no: EM131982012

Questions Cloud

What is the poh of the solution : A solution has a hydrogen ion concentration of 6.3 x 10-10 M. what is the the pH of the solution? What is the POH of the solution?
When the cabinet door is opened a strong odor of vanilla : A bottle of vanilla is left uncovered in a cabinet overnight. When the cabinet door is opened a strong odor of vanilla is detected. Why does this happen?
Explain how important would you characterize globalization : Explain how important would you characterize globalization for developing business professionals? Take a position and provide evidence.
What information does this curve give you : Stress-strain curve, What information does this curve give you? Which test would you get the stress-strain curve from?
What is the loan balance : what is the loan balance after 14 years provided the same $21,215.85 payments are made each year?
Describe two financial career options : Describe two (2) financial career options that an individual with a finance education might pursue and explain the value that such a position adds to a company.
University graduate who started successful business : Aloma, a university graduate who started a successful business, wants to start an endowment in her name that will provide scholarships to EE students.
Calculate the wavelength of a photon : Calculate the wavelength of a photon that has an energy of 5.25 times 10-19 J.s in.nm
Indicate the polarities of the following bonds : Based on the electronegativity of each element, indicate the polarities of the following bonds. Indicate, if the bonds are nonpolar covalent, polar covalent or

Reviews

Write a Review

Financial Management Questions & Answers

  Quoted yield is before tax and credit risk adjustments

Because the quoted yield is before tax and credit risk adjustments, Ye is interested in determining which of these two bonds is best.

  Calculate the initial investment associated with proposed

Calculate the initial investment associated with the proposed purchase of a new agrading machine in dollars.

  Buying a credit default swap

Buying a credit default swap is most similar to which of the following activities:

  What will be expected return and beta of your portfolio

You are an investor in common stocks, and you currently hold a well-diversified portfolio that has an expected return of 8.5%, a beta of 1.15, and a total value of $99,000. You plan to increase your portfolio by buying 100 shares of Grand Co. at $110..

  Discount rate is appropriate for stock-what is its value

The dividend is expected to increase at 30 percent rate for the next four years. If 12.5 percent discount rate is appropriate for this stock, what is its value.

  What will be the nature of its gain or loss

Thrasher Corporation sells short 100 shares of ARC stock at $20 per share on January 15, 2016. what will be the nature of its gain or loss?

  Discuss management of short-term assets

Discuss Management of Short-Term Assets, development of the cash budget, cash management techniques, acceleration of receipts, and disbursement control.

  Firm projections and dividend payment plans

Given the firm's projections and dividend payment plans, what are its discretionary financing needs?

  What is the present value of the same annuity due

If the present value of an ordinary, 7-year annuity is $7,400 and interest rates are 8.5 percent, what’s the present value of the same annuity due?

  Consider three investments

Consider three investments: Investment A, investment B and Investment C with the costs of 600, 500 dollars and 400 dollars respectively. Investment A will bring you a cash flow of 100, 200 and 300 at the end of years 1, 2 and 3 respectively.

  Put option with otherwise identical european put option

Compare an American put option with an otherwise identical European put option on the stock of XYZ.com.

  What is the company return on assets

Assume that if Home Depot issues new bonds, the bonds will have 10 years to maturity. What is the company’s return on assets?

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