What will your monthly payments be

Assignment Help Financial Management

Reference no: EM13848957

You want to buy a new sports coupe for $46,069, and the finance office at the dealership has quoted you an 8.4% APR loan for 5 years with monthly payments. What will your monthly payments be? (Do not include the dollar sign ($). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Reference no: EM13848957

Questions Cloud

Corporate bond fund : Assume you deposit $25,000 in a corporate bond fund that pays 3%. What will value or how much money will you have in this mutual fund in 3 years?

What is the main premise underlying the pecking order theory : What is the main premise underlying the pecking order theory? What is the “pecking order” of sources of financing? Why is dividend policy so important to this theory? How does the concept of financials slack relate to this theory?

Calculate the cost of such a call and price of a derivative : Assume the Black-Schools framework. Let S be a stock such that S(0) = 21, the dividend rate is δ = 0.02, the risk free rate is r = 0.05, and the volatility is σ = 0.2. Calculate the expected payoff of a 6 month call with strike price 17. Calculate th..

Corporate insiders earn abnormal profits on their trades : Do empirical studies support or reject the notion that corporate insiders earn abnormal profits on their trades? What about outside investors who mimic their trades? What forms of market efficiency, if any, are supported by these studies?

What will your monthly payments be : You want to buy a new sports coupe for $46,069, and the finance office at the dealership has quoted you an 8.4% APR loan for 5 years with monthly payments. What will your monthly payments be?

Retirement account plan : Starting next month, if you make monthly deposits of $436 into a retirement account that earns 4% interest compounded monthly, how large will your retirement account be in 29 years? (Do not include the dollar sign ($). Enter rounded answer as directe..

What is the required semiannual payment to nearest dollar : Suppose that you are the manager of a newly formed retirement fund. You are to set up a series of semiannual payments to accumulate a sum of $1,000,000 in ten years. You assume that the appropriate interest rate for the period is 6 percent annual, co..

Calculate the operating cash flows for the new project : (Calculating operating cash flows) Assume that a new project will annually generate revenues of $2,600,000 and cash expenses, (including both fixed and variable cost) of $900,000, while increasing depreciation by $210,000 per year. In addition, l the..

What is the annualized cost of forgoing the discount : If a firm buys trade credit terms of 4/15, net 60 and decides to forgo the trade credit discount and pay on the net day, what is the annualized cost of forgoing the discount ( assume a 360 -day year). The Annualized cost of trade credit terms of 4/15..

User Account

All Pages