What is the nominal cost of six month discount loan

Assignment Help Financial Management

Reference no: EM13850609

What is the nominal cost of six month discount loan of 100,000 with a stated rate of 8% if there are 100 in closing cost due at the beginning?

a. 8.34 b. 8.55 c.8.62 d9.16

Reference no: EM13850609

Questions Cloud

Disadvantages to the formation of the european union : Can you think of any disadvantages to the formation of the European Union from a business perspective? Explain

Budget is prepared to breakeven-using full accrual account : The City of Sinasonville operated a motor pool fund as an internal service fund. A loan of $500,000 was made from an enterprise fund, to be repaid over 10 years with no interest. Capital assets were purchased as follows: A budget is prepared to break..

Apply a rational decision making process model : apply a rational decision making process model

Regarding revolving credit agreement : Which of the following is not true regarding a revolving credit agreement

What is the nominal cost of six month discount loan : What is the nominal cost of six month discount loan of 100,000 with a stated rate of 8% if there are 100 in closing cost due at the beginning?

What is the inventory conversion period : Suppose that sales for the entire yr were 200,000 and the cost of goods sold 60% of sales. The Inventory Balance is 10,000, the accounts payable Balance is 5,000 and the cash conversion cycle is 50 days. What is the inventory conversion period?

Firms might window dress in order to make their segments : Firms might window dress in order to make their segments. balance sheets report book values of assists. an increase in dividends would cause AFN to decrease. depreciation is a source of funds

Determining the need for more or less patrols in an area : explain how this knowledge will help you in projecting crime occurrences as well determining the need for more or less patrols in an area

What is the yield to maturity for bond with attributes : f their retained earning balance was $450,000 last year and $912,000 how much did they pay in dividends? What is the yield to maturity for a bond with the following attributes? 12 years to maturity, $1000 Par, 10% coupon, selling price $870?

User Account

All Pages