(4) FIN302_Excel with answers_Loans and amortization table_Feb5 (3)

Business Math Worksheet 8.2: Installment loans-Amount Financed Name Background: An installment loan is repaid in several equal payments over a specified period of time. Usually, you make a down payment to cover a portion of the cash price of the item. The amount you finance is the portion of the cash price that you owe after making the down payment. Amount Financed = Cash Price - Down Payment Down Payment = Cash Price x Percent 1. Flora Quinton is buying a new air compressor for her auto repair shop. It sells for $1,299. She makes a down payment of $199 and finances the remainder. How much does she finance? 2. Beatriz Ruiz is buying new office furniture. It sells for a cash price of $2,358.60. The down payment is $200.00. What is the amount financed 3. An office remodeling project costs $15,880. If you pay $3,680 towards the project, how much do you finance?

MCQ: SHADE answer in MCQ sheet on page 1 1. Which is better, $1 NOW or $1 a year from now? a. Now b. 1 year later C. Same value 2. When borrowing money for a project, the lower the risk the higher the interest rate a. True b. False 3. Calculate the missing value: Interest ($) Principal($) 1,500 Rate Time (months) 2.5°% 7 months a) $21.88 b) $39.96 c) $33.25 d) 20.25 4. Calculate the missing value: Principal($) Rate Time (months) Interest($) 10.25 o 1l months 328.85 a) $5,000 b) $3,499.96 c) $4,533.25 d) None of these 25 ASUS f8D/点) prt sc deletr insert, f7 f10 f11 f12

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Given the following information which financing method has the lowest interest cost? How much interest savings do you make by using the financing method with the lowest interest cost? Loan Bankers' Acceptance Amount R2 500 000 R2 500 000 180 days 180 days Banker's Acceptance rate + 2.5% Tem Rate: Prime + 2.5% 8%+2.5% 6.9%+2.5%

Interest Rate? Problem 2 In 4 years, you plan to buy a new car and will need a down payment. How much would you need to invest today in order to have $8,000 in 4 years? Assume interest rates are 4%. Which table will you use for the above calculation? Number of periods? Factor? hapter What is the amount of investment? Problom 3 value of money and Бопа X A P Q S Y

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Fisher Equation: Nominal, Real, and Inflation = 10%. Expected inflation is E(T) = Q1) You lend money to a business colleague at a rate of i 3.5%. What is your real rate of return r? Use the exact Fisher Equation. = Q2) How much would you charge a colleague on a loan of $100 if you want your real rate or return to be r = 6% and the expected inflation is E(л) = 4%. E.g., what is the nominal rate i? Use the exact Fisher Equation. Q3) A corporate bond pays investors both a fixed and variable rate of return. The fixed rate is constitutes the real return which is r = 4.5%. The variable rate is indexed to the CPI and is to compensate investors for inflation. If the expected inflation in the next year is E(T) = 2.5%, what is the nominal rate of return i the company will have to pay? Enter your answer in the table below in the cells colored in yellow. You must show all work to receive credit. Q1) r= |Q2) i= ||Q3) i= Answer

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Calculate the CAT (total annual cost) for option 1 and then find which option is better to ask for a loan and explain why is it better.   1. Personal Loan         MNL Bank          2.25% simple monthly interest rate         2. Savings Bank CAT= 30% 3. XYZ Bank  CAT= 28.30% 4. 123 Bank  CAT= 26.64%

ANSWER COMPLETELY WITH FULL SOLUTIONS NO SOLUTION = DOWNVOTE SKIP THIS IF YOU ALREADY DID THIS OR ELSE DOWNVOTE ONLY UPVOTE IF COMPLETE SOLUTIONS

Fast pls solve this question correctly in 5 min pls I will give u like for sure Surbh You are considering the following fixed interest rate mortgage loan alternatives: Alternative 1: $180,000 initial loan balance 4.00% annual nominal interest rate 30-year amortization schedule $859.35 monthly loan payment Alternative 2: $195,000 initial loan balance 4.25% annual nominal interest rate 30-year amortization schedule $959.28 What is incremental cost of borrowing the additional $15,000? 0.58% 4.25% 5.8% Correct! 7.01%?

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Hi, can someone help me with these excel problems?

Question No 10:                                                                           You do not have enough money to start your business so you approach a bank. The bank offers to lend you Rs 100,000 and you sign a security paper. The bank asks you to issue a security paper in their favor on the following terms required by the bank. Par Value = Rs 100,000 (ie. Loan Principal Amount) Maturity = 2 years Coupon Rate = 15% mark-up paid at end of each year Require rate of return =  10% pa Note: This is a simplified case where we are creating a short-term bank loan like a Bond. For the Bank, what is the Value of Investing in security with you?

93,000-88,000= $5,000 Not sure how to calcuate the interest

Please solve max please in 15-22 minutes and no reject thank u. Im needed please no reject

A B C D E F G H 1 You are interested in purchasing a $17,999 new car. You are weighing your 2 options regarding down payment and payment schedule. Your credit score 3 indicates that you can secure a loan with a 5.9% interest rate for a 5-year loan. The facts are summarized below. Car Price Down Payment 4 5 $ 6 7 Annual Interest Rate: 8 Loan years 9 17,999 10% 5.90% 5 10 Answer the questions below. 11 12 1. If you pay 10% as a down payment (so only need to borrow 90% of the car 13 price), use an EXCEL formulas and functions to complete the following table 14 assuming you make ANNUAL payments. Payment amount: 15 16 17 18 Total interest: Total repayment: Format with $, and as a positive number # of payments X Payment amount Total repayments - amount borrowed 19 20 21 2. If you pay 10% as a down payment (so only need to borrow 90% of the car 22 price), use an EXCEL formulas and functions to complete the following table 23 assuming you make MONTHLY payments. 24 25 Payment amount: 26 Total…

+ ent will A buyer bought a new home for $230,000. The lender agreed to loan the buyer $200,000 at 3%% interest with six point discount. What approximate yield will this provide the lender? a. 3.75% | b. 4.00% C 4.25% d. 4.50% Correct Answer

MMA MATHEMATICAL ASSOCIATION OF AMERICA Simple and Compound Interest / 5 Previous Problem Problem List Next Problem HW 20 Simple and Compound Interest: Problem 5 (5 points) Consider a $700 T-bill calculated as a simple discount loan. The annual simple discount rate is 2% and the length is set to be 13 months. Find the price of the T-bill, the interest earned, and the simple interest rate paid on the bill. Price of the T-bill= dollars. Total interest earned when $700 T-bill is redeemed = dollars. Simple interest rate earned = percent (round to 2 decimal places). Note: You can earn partial credit on this problem. Preview My Answers Submit Answers You have attempted this problem 0 times. You have unlimited attempts remaining. Page generated at 05/04/2024 at 02:46pm EDT WeBWorK 1996-2022 theme: math4-green | www.version: 2.17 Pg version 2.17 | The WaßWork Project

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10:31 W O Practice Test 3 - Financial M... edfinity.com 15. Try again Your answer is incorrect. You can afford a $300 per month car payment. You've found a 4 year loan at 2% interest. How big of a loan can you afford? 28800 Answers Answer Score 28800 0/1 0/1 Report technical issue • Email instructor

how do you do this on a finacial calculator?