User Account

All Pages

What is the nominal rate of interest on the loan

Assignment Help Financial Accounting
Reference no: EM132775308

Questions -

Q1. You borrow $5000 on August 22nd this year. Your loan carries an interest rate of 8.41% simple interest. You make partial payments of $500 on September 15th and $1575 on October 17th. You want to make a final payment to pay off the remaining outstanding balance on November 21st. What is the size of your final payment?

Q2. A loan of $20 000 is paid over 5 years by monthly payments of $450. What is the nominal rate of interest on the loan?

Reference no: EM132775308

Questions Cloud

Describe in 3 laboratory tests : Describe IN 3 laboratory tests you would do and explain what the results would be for each test.
What was the risk-free rate of return : The risk premium on these shares was 4.8% and the inflation rate was 3.7%. What was the risk-free rate of return
List all the steps of koch postulates : List all the steps of Koch's postulates. Then, discuss the 2 obstacles to applying these postulates to the etiology of this disease.
How the discipline or biochemistry grew out : Explain explain how the discipline or biochemistry grew out of the science of microbiology
What is the nominal rate of interest on the loan : A loan of $20 000 is paid over 5 years by monthly payments of $450. What is the nominal rate of interest on the loan
Inhibits the growth of bacteria : For the following antibiotics, briefly describe how each drug kills or inhibits the growth of bacteria: ß-lactams, vancomycin, tetracycline, macrolides, and qui
What effect would this transaction have on pretax income : In 2019, the land and building are sold for €70. What effect would this transaction have on pretax income, total assets and total liabilities
Which dissemination strategies you would be inclined to use : As your EBP skills grow, you may be called upon to share your expertise with others. While EBP practice is often conducted with unique outcomes in mind.
How are changes shared with the nursing staff : As decisions are made to address changes in reimbursement in your work place, how are these changes shared with the nursing staff?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Calculate the direct materials price variance for the month

We make small elevators which can hold a maximum of ten passengers. One of the direct materials we use is industral strength carpetig for the floor of the elevator. the direct materials quantity stadard we use is 8 squares yards for each elevator. ca..

  What amount of interest expense was reported

Harveys Corporation borrowed $94,000 from the bank on November 1, 2014. The note had a 8 percent annual rate of interest and matured on April 30, 2015. Interest and principal were paid in cash on the maturity date. What amount of interest expense was..

  What trends in sales and cost of goods sold do you see

What trends in sales, cost of goods sold, and gross profit do you see? Many financial statements are expressed in millions of $. You would report $895 million for the value $895,000,000. Be a very careful reader.

  How will be the formula for each year

4 years are given like d1,d2,d3,d0 then how to calculate the dividend growth rate using the given formula. how will be the formula for each year.

  Compute how much would profits increase

A supplier has offered us 1200 pounds of filberts for $950. Should these filberts be purchased? If yes, how much would profits increase?

  Compute what is the amount of net working capital

What is the amount of net working capital? Joe Fellows is attempting to categorize several items from his company's financial statement

  Estimate present value of the tax benefits from depreciation

The cost of capital is 10%, and the firm's tax rate is 34%. Estimate the present value of the tax benefits from depreciation using straight-line depreciation

  Who invested in the riskier share

Expected rate of return on ABC stock and S&P ASX300 were 14% and 12% respectively at the time of purchase. Who invested in the riskier share

  Compute office today gross profit and its gross profit per

Office Today’s revenue in the current year is $ 800 million and its cost of goods sold is $ 640 million. Compute Office Today’s gross profit and its gross profit percentage.

  What is the current value of the stock or the expected stock

How does the expected total return compare with the required rate of return on the stock? Does this make sense? Explain your answer?

  The remainder of the week to receive the bonus

Tessa completed 17 pieces on her 15-piece contract for the company. There is a bonus earned if the individual exceeds 2% of their piece contract. How many pieces must Tessa complete in the remainder of the week to receive the bonus?

  The rowdy fun is a limited partnership and was formed on

the rowdy fun is a limited partnership and was formed on june 1 2005 by thomas kyle its general partner and two other

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