User Account

All Pages

What is the size of the regular payments

Assignment Help Accounting Basics
Reference no: EM132533888

Question - You have just bought a new car for $120,000 and the dealership has offered you a 10-year financing package under which you will make regular monthly payments, followed by a final bullet payment of $60,000 when the loan matures. What is the size of the 119 regular payments, if the interest rate is 7.2% p.a. with monthly compounding?

a. $1063

b. $1,548

c. $1,406

d. $1069

e. None of the other answers is correct

Reference no: EM132533888

Questions Cloud

What is its current price in the market : A 5-year $10,000 debenture issued by Braxton Corporation is trading in the market at a yield of 4% p.a. What is its current price in the market
What strategies or suggestions would you pursue : What strategies or suggestions would you pursue in order to ensure sustainable (long-term) success for Nestléin Brazil - What topics related to international
Components of the emergency action plan : Why is it important for a fitness facility to have an Emergency Action Plan?
Compute the drying department cost of units transferred out : Compute the Drying Department's cost of units transferred out to the Finishing Department for pulping, conversion, and in total in March.
What is the size of the regular payments : What is the size of the 119 regular payments, if the interest rate is 7.2% p.a. with monthly compounding
What the firms overhead was : Overhead costs of $203,700, actual direct professional labor hours of 22,500, and actual direct labor cost of $302,000. By year-end, the firm's overhead was
Cost-volume-profit analysis and variable costing : Using the Internet, review at least 3 articles on Cost-Volume-Profit Analysis and Variable Costing.
Write a summary of one of the points the video makes : Go to Amazon Prime videos and look up Inner World and Outer Worlds part 1-4 and write a summary of one of the points the video makes. Follow the directions.
How the direct materials quantity variance is : Georgia, Inc. has collected the following data on one of its products. The direct materials quantity variance is?Direct materials standard (3 lbs @ $1/lb)

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