What would be the gross revenue for the lender

Assignment Help Financial Management
Reference no: EM131889875

Payday loan. You borrow $500 to buy gifts for your children. In two weeks, you need to pay $650. What would be your interest rate over that two week period, and what would your Annual Percentage Rate be for the year? How much profit would the PayDay Lender make in a year if they made that same loan with the same $500 every two weeks assuming 100% collections and money out on that original $500? If the lender had $100,000 in Capital for the entire year, and assuming 100% collections and fully loaned out, what would be the gross revenue for the lender?

Reference no: EM131889875

Questions Cloud

Summarize and expand on managing firm resources : Summarize and expand on Managing Firm Resources and describe what YOU think about the internal analysis of an organization.
What is the profit generated by this strategy : what is the profit generated by this strategy if the fund manager view of market comes true accurately by august 2016 and she unwinds her trades.
Why the after-tax cost of debt is the relevant cost of debt : Determine the cost of long-term debt, and explain why the after-tax cost of debt is the relevant cost of debt.
Describe the behavioral challenges in achieving efficiency : Describe the behavioral challenges in achieving efficiency.
What would be the gross revenue for the lender : what would be the gross revenue for the lender?
Find the future value for an account : How would I find the future value for an account with $5,000 invested at a rate of 7.5% compounded monthly for 11 years?
Discuss the current problems with the project progress : You are a team member on a major project for a defense contractor. Your supervisor has just called an "urgent meeting" to discuss the current problems.
Savings account-how much money would be in your account : How much money would be in your account at you birthday at age 63 when you finally cash out?
Shares will the company repurchase as result of debt issue : How many shares will the company repurchase as a result of the debt issue? How many shares of common stock will remain after the repurchase?

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

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