Find highest rate you can afford on a apr loan
You want to borrow $95,000 from your local bank to buy a new sailboat. You can afford to make monthly payments of $1,950, but no more. Assuming monthly compounding, what is the highest rate you can afford on a 60-month APR loan?
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What is operating leverage? How, if at all, is it similar to financial leverage? If a firm has high operating leverage, would you expect it to have high or low financial leverage? Explain your reasoning.
How does the element of time affect future and present value calculations? a) The element of time has no affect on future and present value calculations. b) The value of money increases over time in future value calculations; the value of money dec
the value of this equipment will be $30,000, even though the depreciation expense for tax purposes is only $5,000 during the first year. Determine the pre-tax accounting profit for this venture.
A newly issued bond has a maturity of 2 years and pays semiannual coupons at annual rate of 7%. The par value of the bond is $1,000 and it sells at par. What are the convexity and the duration of the bond?
You can afford to make monthly payments of $1,950, but no more. Assuming monthly compounding, what is the highest rate you can afford on a 60-month APR loan?
What is the relationship between an interest rate and a discount rate in time value of money calculations?
Calculate the value of a European call option on the index with an exercise price of $50 by using one-period binomial model. Suppose that the market price of the call option considered in question a is $11. Do you have an arbitrage opportunity in th
On November 1, a company established a $90 petty cash fund. On November 12, the petty cash fund contains $3 in cash and the following paid petty cash receipts: transportation-in on merchandise inventory, $14.25; postage, $34.50; and office supplie
Boles buys from its suppliers on terms of 3/10, net 90, and it currently pays on Day 10 and takes discounts, but it could forgo discounts, pay on Day 90, and get the needed $500,000 in the form of costly trade credit. Alternatively, Boles could bo
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