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- What is the total effect on the economy of a government tax rebate of $500 to each household in order to stimulate the economy if each household will spend of the rebate in goods and services?A company is due to receive a payment of £500,000 from a customer in 6 months’ time. To smooth its cashflows, the company would prefer to receive the payment immediately, and has agreed to transfer its entitlement to this payment to a third party (a discount house) in return for an immediate payment calculated using a rate of commercial discount of 16% per annum.How much will the immediate payment made by the discount house be?Find the present values using the given discount rates. Payments of $2,500 at 6 months and 1 year from now, 7% rate
- Assume that a company has an EBIT of $1,000,000, $150,000 in capital gains, and $12,000 in capital losses. Moreover, it receives $80,000 in interest income $20,000 in dividend income as well as $250,000 in interest expense. If the tax rate is 25%, what is the corporation’s taxable income?Calculate approximately to 3 decimal places the composite price index for all three stock between 2008and 2011.4.b) A debt of RM 720 on 30 November 2018 will amount to RM 750 on 20 February 2019. What was the simple interest rate charged, using Banker’s Rule?
- In one particular month, a person has a balance of $$ 1,870 on their credit card for 10 days. They then make a purchase and carry a balance of $$ 4,140 for the next 11 days. Then this person makes a payment and carries a balance of $$ 2,640 for the remaining 10 days in the month. What is their average daily balance rounded to the nearest cent? $$What is the effective interest rate of a simple discount note for $34,500, at an ordinary bank discount rate of 14%, for 30 days? Assume that there are 360 days in a year.A 10-year floating rate (annually paid) security selling for 101.32 pays a rate based on a reference rate plus 50 basis points. Assume the current value of the reference rate is 7%. What is the discount margin?
- Suppose a credit card has anAPR of 22.41% and changes itscompounding period from dailyto monthly. What will happen tothe effective interest ratecharged by the credit card?A trusted friend told you that a cash flow sequence that started at $3000 in year 1 and increased by $2000 each year would be worth $15,000 in 12 years at a rate of return of 10% per year. Is she correct?Suppose that on January 1 you have a balance of $4700 on a credit card whose APR is 18%, which you want to pay off in 4 years. Assume that you have no additional charges after Jan 1st. a. The monthly payment is? b. The total paid since Jan 1 is c. percentage of total paid that is interest is?