User Account

All Pages

What is the periodic interest rate

Assignment Help Financial Management
Reference no: EM13969843

1. A loan with monthly compounding has an APR of 6%. What is the periodic interest rate?

2. What is the APR of a 30-year, $300,000 mortgage with monthly payments of $2000? Answer in percent and round to two decimal places

3. What is the effective annual rate of a savings account that pays an APR of 5% and compounds quarterly? Answer in percent and round to two decimal places

4. What is the payment on a 60 month, $10,000 car loan with APR of 4%. Round to the penny.

5. In the first payment on a 60 month, $10,000 car loan with APR of 4%, how much pays off the principal? Round to the penny.

6. After making 20 payments on a 60 month, $10,000 car loan with APR of 4%, what is the outstanding balance on the loan? Round to the penny.

Reference no: EM13969843

Questions Cloud

Break even point for the number of pints : What is the monthly break even point for the number of pints made and sold to the nearest integer? ________
Total stock holders equity : JPMorgan Chase reported total stock holders equity of $176106000000 on 12/31/2010. there were 3910294110 shares outstanding at that time but average shares outstanding were 3977000000. what was the company's book value per share on that date?
Find one source in a library database on your book : Two criteria you may use for evaluating sources are the validity and the relevance of the source to your topic. Read pp. 344-356 in the Handbook to learn more about what makes a source valid. Then, find one source in a library database on your boo..
Effective argumentative essay on same-sex marriage : An effective argumentative essay must have evidence to make its case; most arguments that occur in daily life happen in the heat of the moment and are more likely directed toward saving one's own pride than toward giving clear and supportive proof..
What is the periodic interest rate : 1. A loan with monthly compounding has an APR of 6%. What is the periodic interest rate? 2. What is the APR of a 30-year, $300,000 mortgage with monthly payments of $2000? Answer in percent and round to two decimal places
Compounded continuously and account : You have the choice between two accounts: account A pays 8% compounded continuously and account B pays 8.16% compounded semiannually. Rounded up to two decimals places, which account offers a better deal? (You must round the apporoximation after a..
What is the thesis statement for this given paper : Please answer the following questions: In the introduction, what is the thesis statement for this paper? In the section entitled "Influence of Mood on Eating Behavior," does the writer ever give her own opinion? If you think so, point out where sh..
Depreciation of the purchase price : 1. The Los Angeles Lakers are sold for 650 Million. At a tax rate of 25% what is the new owner's yearly tax savings if he uses straight line depreciation of the purchase price over the full 15 years allowed by the IRS?
Problem regarding the lottery payments : A major lottery advertises that it pays the winner $10 million. However this prize money is paid at the rate of $500,000 each year (with the first payment being immediate) for a total of 20 payments. What is the present value of this prize at 10% ..

Reviews

Write a Review

Financial Management Questions & Answers

  Analyse principles and trends in performance measurement

Identify and critically analyse principles and trends in Performance Measurement and Control and determine the different budgeting techniques and critically evaluate their use in short term decision making - Discuss the advantages and disadvantages o..

  Historical returns-expected and required rates of return

Historical Returns: expected and Required Rates of Return You have observed the following returns over time: Assume that the risk-free rate is 5% and the market risk premium is 6%. Do not round intermediate calculations. What is the beta of Stock X?

  Comparing two different capital structures-all-equity plan

Kyle Corporation is comparing two different capital structures, an all-equity plan (Plan I) and a levered plan (Plan II). Under Plan I, Kyle would have 705,000 shares of stock outstanding. Under Plan II, there would be 455,000 shares of stock outstan..

  Extend affect the companys financial position

Discuss whether the multinational corp will risk be over-hedged its position to the extend affect the company’s financial position. (250 words at most)

  Prevailing rates on comparable securities

A 30-year corporate bond sold to investors at par ($1000) with a 10 percent coupon rate is called sixteen years later at a 12 percent call premium. At the time of call, prevailing rates on comparable securities were 8 percent. If the bond's holder re..

  Required return-what is the current share price

Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next eight years, because the firm needs to plow back its earnings to fuel growth. The company will then pay a dividend of $16.50 per share 9 years..

  Calculate the operating cash flows for the new project

Assume that a new project will annually generate revenues of $1,900,000 and cash expenses (including both fixed and variable costs) $1,050,000, while increasing depreciation by $210,000 per year. In addition the firm’s tax rate is 36%. Calculate the ..

  Net income and cash flow are totally unconnected

NI and CF are totally unconnected, and investors care more about NI. NI and CF are certainly positively related, but investors care more about NI. NI and CF are totally unconnected, and investors care more about CF. NI and CF are certainly positively..

  What is the maximum amount of cash that the global satellite

Global Satellite Corp. reported net sales of $450 million last year and generated a net income of $99 million. Last year's accounts receivable increased by $14 million. What is the maximum amount of cash that the Global Satellite Corp. received from ..

  What is the current value of the companys stock

JJ Industries will pay a regular dividend of $2.40 per share for each of the next four years. At the end of the four years, the company will also pay out a $40 per share liquidating dividend, and the company will cease operations. If the discount rat..

  Maintains a debt-equity ratio

Merlo, Inc. maintains a debt-equity ratio of 0.25 and follows a residual dividend policy. The company has after-tax earnings of $3,800 for the year and needs $3,200 for new investments. What is the total amount Merlo will pay out in dividends this ye..

  Internal customer service throughout the session

Identify a medium to large organization that is large enough to have departments (such as Human Resources, Finance & Accounting, Marketing, etc.).  You will want to choose an organization for which you have some inside information as you are going to..

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