User Account

All Pages

What is the size of the month-end payments

Assignment Help Business Management
Reference no: EM133091720

1. Alexandra's student loan of $23,500 at 3.42% compounded quarterly was amortized over 5 years with payments made at the end of every month. What was the principal balance on the loan after 3 years?

2. A design studio received a loan of $5,600 at 5.30% compounded semi-annually to purchase a camera. If they settled the loan in 3 years by making quarterly payments, construct the amortization schedule for the loan and answer the following questions:

a. What was the payment size?

b. What was the size of the interest portion on the first payment?

c. What was the balance of the loan at end of the first year?

d. What was the size of the interest portion on the last payment?

3. Tan Company purchased a large server for $30,000. The company paid 25.00% of the value as a down-payment and received a loan for the balance at 5.00% compounded monthly. The loan has a term of 4 years and Tan Company has to make month-end payments to settle the loan.

a. What is the size of the month-end payments?

b. What was the total amount paid to settle the loan?

c. Calculate the total amount of interest paid throughout the term of the loan.

Reference no: EM133091720

Questions Cloud

Market development strategy : Which of these tactics are in-line with a market development strategy?
Seven elements of a successful negotiations : Tanya wants to take the day off. she has no earned time and would, therefore, need to take the day without pay. Tanya is willing to do this.
Statement for a nonprofit sports organization : What is a mission statement for a nonprofit sports organization!
Calculate the depreciation deduction under Div : Insulation panels for freezer and refrigerators 125,682. Calculate the depreciation deduction under Div 40 and the closing adjustable value of each asset
What is the size of the month-end payments : 1. Alexandra's student loan of $23,500 at 3.42% compounded quarterly was amortized over 5 years with payments made at the end of every month.
Statement for a nonprofit sports organization : What is a mission statement for a nonprofit sports organization!
How the contract revenue should be allocated : If there is more than one performance obligation, how the contract revenue should be allocated to various components of the contract by AGI
Record the journal entries for each transaction : Barbara Company uses a Job Order Costing System. During the month the following transactions were completed. Record the journal entries for each transaction
Find the value of the forward contract at initiation : Suppose you short (sell) the forward contract. Find the value of the forward contract at initiation if the yield to maturity is 8% per annum

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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