Justin bought a Scion car for a price of $8,200, putting down $800 and financing the remainder with 60 monthly payments of $179.99. the APR by table lookup is ( use the table in the handbook) Practical Businness Math
Q: Problem 2 Assume that it is now January 1, 2022. On January 1, 2023, you will deposit Rs 1,000 into…
A: When interest is calculated on the principal amount every year it is known as simple interest.…
Q: Engineering economy is the joining of ____aspect and the financial aspect of a business.
A: Engineering economy, by definition, entails formulating, forecasting, and assessing the anticipated…
Q: how long will it be before you have enough money for the down payment and closing costs?
A: Information Provided: Amount at hand (Present value) = 15,000 Down payment = 10% of house cost…
Q: Market Data Risk-Free Rate (Annualized) 0.025 Vokinar Corporation Stock Price…
A: To Find: Call Price Put Price
Q: A firm has a long-term debt-equity ratio of 0.4. Shareholders’ equity is $839,800. Current assets…
A: Solution:- Total debt ratio means the percentage of total debt in the total assets of the entity.…
Q: According to the simplified Brennan Lally CAPM, what is the cost of equity for A Ltd? Using the…
A: Risk free rate is 3% Tax adjusted market risk premium "TARMP" is 7.5% Corporate tax rate is 28%…
Q: Suppose $2000 is deposited in a saving account that pays interest at an annual rate d 0.40%,…
A: The concept is of calculation of present value when interest rate is compounded continuously. In the…
Q: El Paso Water (EPW) purchases surface water for treatment and distribution to EPW customers from…
A: El Paso Water (EPW) purchases surface water for treatment and distribution to EPW customers from the…
Q: What is the balance in the account after 3years? How much of this balance corresponds to "interest…
A: Information Provided: Principal = $1250 Interest rate = 8% A: Period = 3 years B: Period = 31 years…
Q: An annuity due has four payments, $2000 each. What's the present value of the annuity due at a 6%…
A: Annuity due is that annuity in which payments are made at the start of each period. This is in…
Q: Assume the pure expectation theory holds: If the return on 6 years maturity treasury bill (TB) is…
A: Rate of return for different maturities have been given. Based on the information, we have derive…
Q: 4. A manufacturing firm maintains one product assembly line to produce generators. The demand for…
A: Maximum production time= per day demand/operation time per day per day demand=85/7=12.14 operation…
Q: a) What is the nominal weighted-average cost of capital (WACC) for this project? b) As CFO, do you…
A: WACC The Weighted Average Cost of Capital (WACC) shows the after-tax cost of capital from all…
Q: Companies with excess cash often employ share repurchase plans in place of or along with cash…
A: PE Ratio = Market Price per shareEarnings per share Earnings per share = Total EarningsNumber of…
Q: South African bank. In order to assist him in making this decision, derive the equation whose…
A: Since there is more than 1 cash inflow over a period of time, we need to determine the IRR (Internal…
Q: A non-executive director of Plumtree plc has been asked to deliver a presentation to the company's…
A: Solution:- Corporate Governance is the system by which an entity is controlled and practiced.
Q: 1. Write an overview on Blockchain and Cryptocurrencies. (Hint: it is required to define, past…
A: A cryptocurrency is what you can say a medium of exchange just like normal currency like US Dollar…
Q: Your father is 50 years old and will retire in 10 years. He expects to live for 25 years after he…
A: There is need of proper planning for retirement and if done on time would give good results due to…
Q: A federal agency received a recommendation to raise Corporate Average Fuel Economy standards to…
A: The present value of net benefits is present value of total benefits minus total present value of…
Q: Find the effective mortgage rate for a 30-year, $100,000 mortgage at 6% interest compounded monthly…
A: Honor Code: “Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be…
Q: Josh has an investment account with $50,000. If Josh earns 6% per year and contributes $400 each…
A: Future Value = Present Value * ( 1 + Intererst rate) time period
Q: Assume a firm's inventory level of $11,000 represents 32 days' sales. Required: a. What is the…
A: The inventory turnover ratio indicates how many times the inventory was sold. It also indicates the…
Q: The investor wants to invest in the purchase of an office building. He suggests he can rent it out…
A: Time value of money concept is based on the premise that money today has more value than the same…
Q: f the firm’s cost of capital is 12 percent, should the investment be made?. Use a minus sign to…
A:
Q: Intel Inc is looking to acquire a new equipment for a project that will last for eight years. The…
A: Comparing alternatives: When a company needs equipment, it can either purchase it outright or lease…
Q: a company will be paying off a loan witj annual payments of $6000 for 8 years assuming 5% annual…
A:
Q: In 1626, Dutchman Peter Minuit purchased Manhattan Island from a local Native American tribe.…
A: We are given Present value=24 Rate=4.25% number of years=392 We have to calculate Future value we…
Q: 49 A businessman borrowed P310,000 with interest at the rate of 4.7% compounded semi-annually. He…
A: Information Provided: Amount borrowed = 310,000 Interest rate = 4.7% compounded semi-annually…
Q: 31. Supercall plc has conducted a stakeholder mapping exercise. This produced the following results…
A: There are two multiple choice Questions on disconnected topics. The first one is about the type of…
Q: Mendez Company has identified an investment project with the following cash flows. Year Cash Flow 1…
A: Solution:- When some amount is deposited somewhere, it earns interest on it. The amount initially…
Q: You want to buy a mobile phone and was offered 28,000 cash payment or on installment basis for 12…
A: Loans are paid by the monthly payment and these monthly payment carry the payment for principal…
Q: You are an international shrimp trader. A food producer in the Czech Republic offers to pay you 2.4…
A: Offers by Czech Republic offers = 2.4 million Czech koruna Offers by Thai supplier = 2.9 million…
Q: A bond with face value P10,000 has a semiannual coupon rate of 6%. With a time to maturity of 3…
A: Current yield: The total revenue of a bond is divided by its market price to get the bond's current…
Q: . A new computer is to be purchased for a lab. It costs $3,000. The software this machine needs will…
A: Years Cash flows 0 -3000 1 -230 2 -230 3 -230 4 -230
Q: 8-9. (Estimating betas) Consider the following stock returns for B&A Trucking, Inc., and the market…
A: We have a plot of the stock return versus the market return. From the plot, we have to estimate the…
Q: (Related to Checkpoint 5.6) (Solving for ) Kirk Van Houten, who has been married for 22 years, would…
A: The future value of a single amount can be calculated by multiplying the present value by the future…
Q: A construction company in Manila will bid on the digging of an irrigation canal in a nearby province…
A: Solution:
Q: 10. Which of the following 1-year investments has the highest rate of return? (a) $12,500 that…
A:
Q: A couple just had a baby. How much should they invest now at 5.4% compounded daily in order to have…
A: Compound Interest The interest that can be earned above interest is known as compound interest. The…
Q: YH's store performance in 2017 in comparison to 201 2017 Actual Results % $ $50,964 $3,731 $30,100…
A: The income statement is a financial statement that shows a company's sources of revenue and its…
Q: Prof. Business is considering retirement in 5 years. She is in a self-managed defined contribution…
A: Present Value $ 9,00,000.00 Annual Expected Return…
Q: ayments of $1,400 in 1 year and another $2,800 in 4 years to settle a loan are to be rescheduled…
A: The value of loan is the present value of future payments that are to be received in the future…
Q: Using an appropriate diagram(s), explain the concept of direct and indirect finance.
A: Financing is the movement of funds from the lenders to the borrowers. The same can happen directly…
Q: Mr. Ramos opened a time deposit of Php200,000 that earns 2.5% per annum. Suppose he agreed to leave…
A: Given, Amount deposited is Php 200,000 Rate is 2.5% per annum
Q: Ashburn Company issued 15-year bonds two years ago at a coupon rate of 9.4 percent. The bonds make…
A: Lets assume face value of the bond = $1000 Semiannual coupon amount = $47 (i.e. $1000 * 0.094 / 2)…
Q: Malcolm owns an empty shop unit. Following long negotiations with Urquhant plc, which operates a…
A: “Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only…
Q: Martinez Industries had the following operating results for 2021: Sales = $33,308; Cost of goods…
A: Since you have asked a question with multiple questions, we will solve the first three for you. If…
Q: you pay the money back your card charges an annual fee). If you do not pay all of the money back at…
A: Credit cards are very common now days and used by everyone now days because it will help you to buy…
Q: Given an interest rate of 9 percent per year, what is the value at date t-6 of a perpetual stream of…
A: Interest rate (i) = 0.09 Annual payment (C) = $1200 Period from year 6 to 14 (n) = 8 Value at t6 = ?…
Q: Your grandmother deposited $10,000 in an investment account on the day you were born to help pay…
A: Solution:- An amount deposited today somewhere earns interest. The amount invested in beginning is…
Justin bought a Scion car for a price of $8,200, putting down $800 and financing the remainder with 60 monthly payments of $179.99. the APR by table lookup is ( use the table in the handbook) Practical Businness Math
Step by step
Solved in 3 steps with 1 images
- For TVM calculator: Write each known variable’s value as it appears in the calculator and use a question mark for the missing variable. Then, in the space provided write the missing variable’s value, as it appears in the calculator. Finally, write your final answer in context, with units, as a complete sentence. Patricia deposits $1,000 into an account that earns 4.9% compounded monthly and plans to make monthly payments of $170 into the account. How long must she invest until she has $35,000? N=? I= 4.9 PV=1,000 PMT=170 FV= 35,000 P/Y=12 C/Y=12 Missing Variable Value __________________ Context Sentence:Kimberly Jensen of Storm Lake, Iowa, wants to buy some living room furniture for her new apartment. A local store offered credit at an APR of 16 percent, with a maximum term of four years. The furniture she wishes to purchase costs $3,600, with no down payment required. Using Table 7-2 or the Garman/Forguecompanion website, make the following calculations (round all intermediate calculations to two decimal places) 1.Use the given spreadsheet formulas for each question below. Write down your calculations and/or what you type into excel to show your work, as well as the final answer. Answer each question with a complete sentence response. No credit will be given if the Excel/sheets syntax is not provided. Round your answer to the nearest cent. Q. Jayden borrows $10500 from his grandmother for 4 years. Jayden’s grandmother gives Jayden a simple annual interest loan at 4.5% interest. How much will Jayden need to repay grandma in interest? How much in total will Jayden pay?
- Yesenia purchased a car for $21,394. She obtained a 6 year term loan at an interest rate of 6%. She is making a monthly payment of $380. Using the following balance function to calculate the balance owed after the month 47 payment. Round your answer to the nearest penny. Only input the number. Do not input the dollar sign. Do not use a comma. Example: 4536.21 \12 r 1 |1+ 12 12 T B(t) = Bo |1 + 12 M 12Give only typing answer with explanation and conclusion Tim Houston purchased a wall unit for $2,400. He made a $600 down payment and financed the balance with an installment loan for 48 months. If Tim's payments are $43.50 per month, use the APR formula to calculate what annual percentage rate he is paying on the loan. (Round your answer to two decimal places.)The accompanying Homeownership spreadsheet contains a partially completed spreadsheet model for computing the monthly costs of home ownership. Complete the spreadsheet model by Inserting the formulas for monthly mortgage payment (B12), monthly property tax (813), monthly homeowner insurance premium (B14), monthly maintenance costs (B15), and total (B16) in the appropriate cells. Click here for the Excel Data File a. Is this a deterministic or stochastic model? Is this a deterministic or stochastic model?
- For TVM calculator: Write each known variable’s value as it appears in the calculator and use a question mark for the missing variable. Then, in the space provided write the missing variable’s value, as it appears in the calculator. Finally, write your final answer in context, with units, as a complete sentence. Greg has been making regular monthly payments of $425 into an account for 15 years, and he now has $96,000. What is the annual interest rate of his account? N=180 I= ? PV=96,000 PMT= 425 FV= ? P/Y= 12 C/Y=12 Missing Variable Value __________________ Context Sentence:Miguel purchased a hot tub costing $5,070 by taking out an installment loan. He made a down payment of $1,300 and financed the balance for 24 months. If the payments are $171.77 each month, use the APR formula to find the APR. Round to the nearest hundredth of a percent. % Need Help? Read It Watch It Master ItProblem: Answer the following questions completely. Show all computations. Round off only the final answers to two decimal places. On June 26, 2019, Sarah obtained a loan of P150,000 from a local businessman. The interest rate on the loan was 7.75% and it is to be paid on November 15, 2020. What is the exact time from June 26, 2019, to November 15, 2020? What is the approximate time from June 26, 2019, to November 15, 2020? What is the Ordinary simple interest using exact time? What is the Ordinary simple interest using approximate time? What is the Exact simple interest using exact time? What is the Exact simple interest using approximate time? If Sarah was given the option to choose the type of interest to use, which should she had chosen? Explain why in one sentence.
- For TVM calculator: Write each known variable’s value as it appears in the calculator and use a question mark for the missing variable. Then, in the space provided write the missing variable’s value, as it appears in the calculator. Finally, write your final answer in context, with units, as a complete sentence. Herman is looking to invest $5,000 in an account that earns 3.7% annual interest compounded semi-annually. If Herman plans to regularly deposit semi-annual payments of $1,575 into the account, how much is the account worth after 30 years? N=60 I= 3.7 PV=5000 PMT= 1575 FV= ? P/Y=2 C/Y=2 Missing Variable Value __________________ Context Sentence:Kim is shopping for a car. She will finance $14,000 through a lender. The table to the right shows the monthly payments per thousand dollars borrowed at various APRs and terms. Use the table to answer parts (a) through (c) below. APR, r 4 Term, t (in years) 5 6 7 8 0.05 $23.03 $18.87 $16.10 $14.13 $12.66 0.055 $23.26 $19.10 $16.34 $14.37 $12.90 0.06 $23.49 $19.33 $16.57 $14.61 $13.14 0.065 $23.71 $19.57 $16.81 $14.85 $13.39 0.07 $23.95 $19.80 $17.05 $15.09 $13.63 0.075 $24.18 $20.04 $17.29 $15.34 $13.88 (a) One lender offers Kim an APR of 6% for a 6-yr term. What would be the amount of Kim's monthly payment? $Yesenia purchased a car for $16,789.23. She obtained a term loan at an interest rate of 3.74%. Her monthly payment is $260.69. Enter in the correct amounts in the following amortization schedule for the 1st month. Round your answers to the nearest penny. Input the dollar sign followed by the number. Do not put a space between the dollar sign and the number. Do not use a comma. Example: $2634.57 Balance After Balance Owed Interest Charge Payment Payment