Your first payment will be made in one month

Assignment Help Financial Management

Reference no: EM132044335

1. Upon graduation, you realize you have accumulated $30,000 in student loans. You decide to pay it off in equal installments over ten years. What equal payment must you make every month for ten years to pay off this $30,000 debt if your loan has a monthly interest rate of 0.50%? Your first payment will be made in one month.

227

333

549

925

1744

2. You are scheduled to receive $28,000 in two years. When you receive it, you will invest it for 10 more years at 4.5 percent per year. How much will you have in 12 years?

$43,483.14

$47,484.68

$31,190.38

$41,308.99

$45,657.30

Reference no: EM132044335

Questions Cloud

Between two mutually exclusive investment opportunities : You are deciding between two mutually exclusive investment opportunities.

Calculate the present value of each of the alternatives : Calculate the present value of each of the alternatives below, if the discount rate is 12%.

What are your disbursement-collection and net floats : What are your disbursement, collection, and net floats?

Assessment of the firm using porters five forces framework : Select a stock in the S&P 500 and do a complete risk assessment of the firm using the Porters Five Forces framework.

Your first payment will be made in one month : Upon graduation, you realize you have accumulated $30,000 in student loans. Your first payment will be made in one month.

Does this create disbursement float or collection float : Does this create a disbursement float or a collection float? What is your book balance?

Calculate required rate of return on security with beta : The risk-free rate is 5% and the expected rate of return on market portfolio is 12%. Calculate the required rate of return on a security with a beta of 1.35.

Corporation is going to invest in new piece of equipment : The ABC Corporation is going to invest in a new piece of equipment which will cost $275,000 and falls into 5-year MACRS property.

GPS systems are required to make it economically feasible : What is the minimum annual number of GPS systems are required to make it economically feasible?

User Account

All Pages