Do you think it will be a good idea to offer an annual package of Rs 55 lakh to foreign faculty with Indian origin for science institutes? Would this leave Indian faculty happy? It would be very unwise if different faculty with same qualification are being given a different salary for the same job. As this will violate the principal of equal pay for equal work. In India the problem of salary is most in the Teaching sector then in any other sector. Globally, teaching is a very noble profession and it is highly paid also. 5 points) Carlos goes to the bank to take out a personal loan. The stated annual interest rate is 12%, but interest is compounded monthly and he will make monthly payments. The effective annual interest rate (EAR) …show more content…
Y-5 Two years ago, you purchased a $20,000 car, putting $4,000 down and borrowing the rest. Your loan was a 48-month fixed rate loan at a stated rate of 6% per year.You paid a non-refundable application fee of $100 at that time in cash. Interest rates have fallen during the last two years and a new bank now offers to refinance your car by lending you the balance due at a stated rate of 4% per year. You will use the proceeds of this loan to pay off the old loan. Suppose the new loan requires a $200 non-refundable application fee. Given all this information, should you refinance? How much do you gain/lose if you do? No lose 25 You are interested in a new Ford Taurus. After visiting your Ford dealer, doing your research on the best leases available, you have three options. (i) Purchase the car for cash and receive a $1,500 cash rebate from Dealer A. The price of the car is $15,000. (ii) Lease the car from Dealer B. Under this option, you pay the dealer $500 now and $200 a month for each of the next 36 months (the first $200 payment occurs 1 month from today). After 36 months you may buy the car for $8,000. (iii) Purchase the car from Dealer C who will lend you the entire purchase price of the car for a zero interest 36-month loan with monthly payments. The car price is $15,000. Suppose the market interest rate is 6%. What is the net cost today of the cheapest option? (Enter just the number without
The fixed cost is assumed that Larry has discovered the other fixed cost incurred. The total investment is $800,000. The worst case scenario assumes that Larry got a total line of credit from the bank in the amount of $400,000 and invested $400,000 from other source. The Notes payable – short term and the long-term debt is (11.8 + 3.7) = 15.5 % from Table F in the handout. The Loan interest and payment per year is ($400,000 * 0.155)= $62,000. The Income data from Table F indicates that there is a 0.4% of all other expenses net out of the total sales which equals to $109,908 (5,700,666 gallons * $4.82 *0.4%) .
Jim and Laura Buyer visit the local car dealership because they are interested in buying a new car. The car they currently have is aging and is starting to have mechanical problems. Jim and Laura would share the new car, and use it to go back and forth to work and school. Before going to the dealership, Jim and Laura decide that they can only afford $400.00 a month in car payments.
Beverly and Kyle Nelson currently insure their cars with separate companies paying $450 and $375 a year. If they insure both cars with the same company, they would save 10 percent on the annual premiums. What would be the future value of the annual savings over ten years based on an annual interest rate of 6 percent?
Poor Dog, Inc. borrowed $135,000 from the bank today. They must repay this money over the next six years by making monthly payments of $2,215.10. What is the interest rate on the loan? Express your answer with annual compounding.
The company has an agreement with a bank that allows the company to borrow the exact amount needed at the beginning of each month. The interest rate on these loans is 1% per month and for simplicity we will assume that interest is not compounded. At the end of the quarter, the company will pay the bank all of the accrued interest on the loan and as much of the loan as possible while still retaining at least $50,000 in cash.
Therefore the annual interest rate is 8% and the effective annual rate compounded quarterly is 8.24%
Commercial Capital Corporation is the leasing subsidiary of a major regional bank and offers a lease at 12.75 million per year for 4 years. The first payment is due upon delivery and installation. The rest of the payments are due each subsequent year at the beginning of the year. This cost includes the same service contract as what would have been obtained with purchase.
A teacher has one of the most difficult and highest demanding jobs in society. They are responsible for educating the future and giving their students the best chance to succeed. However, many teachers and professors are not paid nearly as much as the demands placed on them should indicate. Michelle Chen, in her piece from The Nation titled, “Why Is College So Expensive if Professors Are Paid So Little?,” attempts to analyze the current issues with professors’ wages in college and provide possible solutions. Although Chen presents some solid ideas, her work suffers from her failure to address why college is so expensive, her inability to provide more than one solution, and her overreliance on emotional aspects of the conflict.
In this country, getting paid to perform your job is understood. It is routine. It is expected. It is right. But how is one employee’s salary regarded in comparison to another employee’s salary? Do these salaries have to be equal? Most would agree that if both employees are performing the same tasks at the same establishment with the same amount of dedication and efficiency, equal pay is deserved. But what about if one employee is male and the other female, then on what grounds are their salaries determined? This answer shows its true colors through the life of one woman working for a well established company where nearly all employees were men, and for her particular position, she was the sole female. Her efforts to overcome pay
a. How much would the payment be if rate of interest is 5% and you only financed the truck for 48 months?
When choosing ones profession there are always two important questions to ask yourself. Is it what you love doing, and is the pay going to be enough to support you. For me the second question has never had much of an impact on my decision, along with most others who are educators or wish to become one. Teaching is not a job that one chooses to be rewarded by the pay. It is a job that is chosen for the rewarding feeling of knowing that it is the most effective, and most enjoyable way one can change the world; therefore, if teachers are noble enough to sacrifice such a huge aspect just to better our future generations, then don’t you think they should be paid what they deserve?
After the calculations you end up coming out with a rate of 14.87%. The third and final part of question three asks what rate you will need if the interest is compounded semiannually. All you have to do is double the amount of terms and you will come out with a lower number of 7.177%. Since the interest is compounded semiannually that means that you will need to times that number by two and you come out with your final number of 14.35%.
5) Consider two mutually exclusive R&D projects that AMD, a chip manufacturer, is considering. Assume the corporate discount rate is 15 per cent and the minimum acceptable IRR is 25 per cent.
(5 points) Megan wants to buy a designer handbag and plans to earn the money babysitting. Suppose the interest rate is 6% and she is willing to