Problem Set 1

BUSINESS AND CONSUMER LOANS

Please solve this question in comprehensice and detailed. No excel solution's answer. Thanks

Outline of the case Jessica Hernandez wanted to open a retail outlet in a mall where she could sell gadgets. As her business started to grow, she realized she would soon need to hire one or two people and that will need money to pay for their compensation. In other words, she could not grow her business without borrowing. She plans to borrow $7,600 for 2 years however she doesn't have a very good credit rating so most finance companies want to charge her a high-interest rate. She finally finds a lender that will loan her the money at 12% compounded monthly. Discussion Question: 1. How much interest will Jessica have to pay to the lender? 2. If you were Jessica, will you lend money at a higher interest rate? Why? 3. What other options are available and what should she do, aside from borrowing money. 4. Assume Hernandez has successfully managed her business for several years. List five possible reasons she may still need to borrow from time to time.

I am having some trouble with a similar problem except in this problem you have to determine the discount rate and are give several other things; the problem in question is pasted below      Nancy needed ​$8500 to start a web page design company and signed a 200​-day note with a face value of ​$8872.67. Find the discount rate. Use​ banker's interest of 360 days.

hi there tutors! im here to cure my doubts. i hv ques to ask. please help solve. investment management Required: based on the attachment, What is your margin loan amount? What is the initial margin requirement? thats all. thank you tutor!

I need help for D, E, and G please   You are a loan officer at the West Elm Savings and Loan. Mr. and Mrs. Brady are in your office to apply for a mortgage loan on a house they want to buy. The house has a market value of $170,000. Your bank requires  1/5  of the market value as a down payment.   (a) What is the amount (in $) of the down payment? $     (b) What is the amount (in $) of the mortgage for which the Bradys are applying? $     (c) Your bank offers the Bradys a 30 year mortgage with a rate of 5%. At that rate, the monthly payments for principal and interest on the loan will be $5.37 for every $1,000 financed. What is the amount (in $) of the principal and interest portion of the Bradys' monthly payment? $     (d) What is the total amount (in $) of interest that will be paid over the life of the loan? $   (e) Your bank also requires that the monthly mortgage payments include property tax and homeowners insurance payments. If the property tax is $1,710 per…

3 After researching the cost of a shredder for your online business, you settle on a more expensive shredder because the credit terms are better and cash flow is a challenge for you during the summer months. If you buy a shredder for $1,399 with net 30 terms on August 22, how much do you need to pay on September 5? (Use Table 7.1) Note: Do not round intermediate calculations. Round your answer to the nearest cent. " 15 Payable amount

if u don’t answer this i will report you.

Someone needs to borrow ​$13,000 to buy a car and the person has determined that monthly payments of ​$250 are affordable. The bank offers a 4​-year loan at 8​% ​APR, a ​5-year loan at 8.5​%, or a 6​-year loan at ​9% APR. Which loan best meets the​ person's needs? Explain. Question content area bottom Part 1 Which loan best meets the​ person's needs? ​(Round to the nearest cent as​ needed.) A. The third loan best meets the​ person's needs because the monthly payment of ​$    enter your response here is less than the maximum budgeted amount of ​$ per month. B. The first loan best meets the​ person's needs because the monthly payment of ​$    enter your response

Topic: Simple and Compound Interest Please answer all the given problems. Thank you.

Find the interest earned on $5,750 deposited into a savings account for 3 1/2 years at an annual interest rate of 4 1/2% a. What formula should be used? b. What are you trying to find and what variable does it represent in the formula? c. Solve the problem showing all of your work (must show all steps!!) d. Interpet your answer using a complete sentence You may use the box below to upoload a picture of your written explanation or type it out in the box. Use the "mountain" button to add pictures.

What is the interest rate, monthly deposits, time amount, target Amount, actual Amount and different? And what is the final answer to the question? I'm really lost right now. I was told to use the (saving formula for this)

DON'T USE AI, NO SOFTWARE 4. A person wants to open a small business and according to his investment project he requires $150,000. If you save $8,500 every 4 months in an account that earns you 10% convertible quarterlyA) Determine the number of $8,500 deposits you must make and the final deposit amount (if any).B) What is the cash value of the project?

Example : You want to buy a $18,500 car. The company is offering a 3% interest rate for 4 years. What will your monthly payments be? I will do this one for you and show you how I want you to describe your formula/inputs in excel if that is how you choose to go about solving problems 2 through 5 - which I strongly recommend. If you choose to perform the calculations by hand show the formula used with values. Excel: Formula used: PMT Rate input: .03/12 NPer input: 4*12 Pv input: 18500 Answer : $409.49 per month 2. You want to buy a $22,500 car. The company is offering a 4% interest rate for 5 years. a.What will your monthly payments be? Round to the nearest cent .b. Assuming you pay that monthly amount for the entire 5 years, what is the total amount of money you will pay during those 5 years for the car?   c.How much interest will you pay during those 5 years?

Siap Sedia Bank Bhd is considering providing the following facilities to Kencana Berhad. Facilities Amount (RM) Overdraft 800,000 Letter of Credit 900,000 Term Financing 1,000,000 Explain TWO (2) Liquidity Ratios and THREE (3) Activity Ratios that can be used to assess the company’s financial standing. Describe THREE (3) security documents for Bai’ Bithaman Ajil (BBA) Home Financing.

Investment Planning Activity1. Suppose that Rodel Rivera places an order to buy 100 shares of SM Investments Corp. (SM) from an online broker.  Explain how the order will be processed.

Topic: Simple and Compound Interest Please only answer the numbers 2-5. Thank you.

You want to buy a Honda Civic. The MSRP is ​$26,185. Honda offers a purchase financing plan with no money down and ​48 end-of-month payments of ​$550. Should you buy the car for cash or take​ Honda's purchase​ financing? You have the cash and you could invest it and earn at least ​4%.    Question content area bottom Part 1 What is the present value of all the​ payments? ​(Round to the nearest​ cent.) Which of the following statements is​ true?  ​(Choose the best​ response.) A. You should borrow money to buy the car because its present value is lower. B. You should pay cash to buy the car because its present value is lower. C. You should pay cash to buy the car because its present value is higher. D. You should borrow money to buy the car because its present value is higher.

Please solve step by step and quick

I need help to do question 4 to 7 and show how to find those steps in Excel.

Vijay

Answer the last three questions in part 5 And show formula working using Excel format

help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working

help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working

what would the new value for Loans be for Bank A? and investment, Cash and reserve,deposits, debt and equity?

Divu fiance

Pay day loans are short term loans that you take out against future paychecks: The company advances you money against a future paycheck. Either visit a pay day loan company, or look one up online. Be forewarned that many companies do not make their fees obvious, so you might need to do some digging or look at several companies. Explain the general method by which the loan works.