User Account

All Pages

What is the monthly repayment

Assignment Help Accounting Basics
Reference no: EM133056816

Question - You borrow $30,000 to be repaid in equal monthly instalments over 10 years. The interest on the loan is 12% p.a. (1% per month)

(a) What is the monthly repayment?

(b) How much would it cost to pay out the loan after 4 years?

(c) How much interest is saved by paying out the loan after only 4 years?

Reference no: EM133056816

Questions Cloud

Compute the? bond yield to maturity : Pybus, Inc. is considering issuing bonds that will mature in 22 years with an annual coupon rate of 9 percent. Their par value will be $1,000?, and the interest
What annual rate of simple interest will Jason earn : What annual rate of simple interest will Jason earn on his 360-day investment? Express your answer in terms of percentage and round it to four decimal places
How much total financial revenue would ABC Company earned : ABC appropriately recorded the lease as a direct financing lease. How much total financial revenue would ABC Company earned over the term of the lease
Software Testing Environment : Describe the components that would be part of a test environment to test the Hospital Billing project discussed in class?
What is the monthly repayment : You borrow $30,000 to be repaid in equal monthly instalments over 10 years. The interest on the loan is 12% p.a. What is the monthly repayment
What is meant by systematic and unsystematic risk : Describe What is meant by systematic and unsystematic risk. How is this distinction related to an investment's beta? How is the beta of a portfolio related to t
Current patent laws that relate to technology : What are the problems with the current patent laws that relate to technology?
Calculate the effective or approximate duration of bond : Consider a 20-year, semiannual-pay bond with an 8% coupon that is currently priced at $799.608 to yield 10.5%. If the yield changes by 50 basis points, the pric
Prepare journal entries to record these transactions : Purchased a parcel of land with a building on it for $3,500,000 cash. Prepare journal entries to record these transactions

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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