What rate is the bank is charging you

Assignment Help Accounting Basics
Reference no: EM133031753

Question - The First National Bank has agreed to lend you $30,000 today, but you must repay $42,135 in 3 years. What rate is the bank is charging you?

Reference no: EM133031753

Questions Cloud

How directors conflicts of interests : (i) What does "conflicts of interests" mean in the context of governance?
What is the implied annual interest rate : What is the implied annual interest rate inherent in this futures contract? Do not round your intermediate calculations.
Determine the dollar value of the interest expense : Baltimore uses the straight-line method for amortization. Use this information to determine the dollar value of the interest expense for the 2020 calendar year
Reasons for carillion running into financial trouble : What were the reasons for carillion running into financial trouble.? What lessons coulb be learn from carillion's collapse.?
What rate is the bank is charging you : The First National Bank has agreed to lend you $30,000 today, but you must repay $42,135 in 3 years. What rate is the bank is charging you
What fraction of the firm will you own after the? investment : You own 100% of the company with 4.52 million shares. The VC offers $1.09 million for 840,000 new shares. What fraction of firm will you own after investment
How much is the maturity value of the car : Problem: Jay wants to have a new car but he doesn't have enough money so he decided to make a car loan to finance his buying a new car. The Piwong Bank requires
Attack vectors on the technical side : Cyber Security is a major concern to legitimate businesses around the world. It is also the largest growing illegitimate business. What are the 2 to main attack
Compute the balance of the allowance for doubtful accounts : Compute the balance of the allowance for doubtful accounts on December 31. Given: Credit sales during the year 3,450,000

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.

  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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd