Talmud book company borrows 23300 for 30 days at 12 percent, Financial Management

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Talmud book company borrows 23300 for 30 days at 12 percent

1. Franklin Templeton has just invested $9,060 for his son (age one). This money will be used for his son’s education 20 years from now. He calculates that he will need $50,899 by the time the boy goes to school. What rate of return will Mr. Templeton need in order to achieve this goal?

2. Talmud Book Company borrows $23,300 for 30 days at 12 percent interest. What is the dollar cost of the loan?

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Financial Management: Talmud book company borrows 23300 for 30 days at 12 percent

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Financial Management: Talmud book company borrows 23300 for 30 days at 12 percent

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