question number 2, i'm not really sure where to start or how to end really need help!! +zjuay şsalDeи очі ој шәASUD DjjOP ID punoylog (320be one of t1. Ava wants to take out a $23.500 loan with a 4.3% APR. She canPeriod:COS'EDeite =+žәлојбtenth of a year.2222+==+= 210lour be a-270·log (3,500financial algebra_cha_testFORM Asuured that was toand a lot or be to(+1) Goi eiXEHO-こ 21EHOel(_=1 +1) 601 21PunoSwos o tend to be on to a to promothe length of her loan?log (=3,500) - 10g (23.5003 years-Epo.12de and a pas de Ze pǝuбis 00001$ sy as of study is toJordan rookie card, his $3.000 signed Joe Montana cleats, & his$2.000 signed Tiger Woods golf ball as collateral for a loan. With thethat costs $6.500. Will the loan be enough for Andy to get theto the pubis And ofooo'e' 000¹ +000'01(42) (15 00000051 =

Considering the expression as: Adam's Pawnshop lends upto 42% of the value of the collateral of…

Answered: 2. Adam's Awesome Pawnshop will lend up…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Similar questions

25. Sarah is taking out a $24,400 four-year new-car loan with an APR of 6.88%. What isthe finance charge for this loan? Round to the nearest hundred dollars.a. $3,500b. $3,600c. $3,700d. $3,800
Cathy borrowed $24,000 to buy a new car and expects to pay $400 per month for the next 3 years to pay off the loan. What is the loan's annual rate of interest? m Nper (or N) =n*m Rate (or I/Y)=i/m PV PMT FV Identify variables and use excel
WhenyoubuyabondforPhP2,000anditpays3%annualinterestfor10years.Howmuchinterest payments would you receive every year? a. PhP 50 b. PhP6 c. PhP5 d. PhP 50
Qualifying Scenario: Rosanne is buying a home for 900k. She has 110k in liquid assets, a 740 middle credit score, $1200 a month in revolving credit card debt and makes 200k a year. Her lender requires her to have a 90% LTV, 30/43 DTI ratios and 2 months PITI for PCL. The loan will be a 30 year fixed with a 3% interest rate. Her closing costs will be 15k. Escrows will be $1000 a month. She can buy her interest rate down by .125% by paying a half percent discount point. A .25 buy down costs 1 points and so on. She can increase her rate by .125% to get a lender credit of a half point or .25% for 1 point and so on. Does she qualify? If not, why? What can she do to qualify?
Marie invests $12,000 in an account that earns 2.45% compounded daily. How much will she have in 20 years? Variable Value N Missing Variable Value __________________ I% PV PMT Context Sentence: FV P/Y C/Y
5.-DO IT IN EXCEL, AND SHOW THE FORMULASThe company purchases a machine, its cost of $726,000 will be financed with a loan at 13.8% interest for three years that requires equal semi-annual payments (annuities) that include principal and interest. What is the amount of the payment? A) $185,674.92 B) None of these amounts C) $311,662.137 D) $151,841.86 (Choose one option) D) $151,841.86
Syvia bought a house for $300,000 with an installment loan for 30 years (360 monthly payments). Nominal interest rate per year is 4%. How much should she pay per month? Include the following variables to help solve the problem: m Nper (or N) =n*m Rate (or I/Y)=i/m PV PMT FV
Study this case and answer question asked below: You have the following quotes from Bank A & Bank B Bank A: Bank B SPOT USD/CHF 1.4650/55 USD/CHF 1.4653/60 3-months 5/10 6-months 10/15 Cash/Spot 1/2 SPOT GBP/USD 1.7645/60 GBD/USD 1.7640/50 3-months 25/20 6-months 35/25 If you want to buy 1 million GBP Spot against CHF you have to pay Minimum Amount you have to pay is a. CHF 2.5866 Million b. CHF 2.5881 Million c. CHF 2.5875 Million d. CHF 2.5863 Million
Sandy wants to buy a car that costs $28,750. The dealership will finance the car for 4 years, at 5.95%, with a 25% down-payment. Calculate Sandy’s monthly payment. N= FV= I%= P/Y= PV= C/Y= PMT= End or Begin $674.54 $505.90 $873.98 $7,187.50
Friendly’s Quick Loans, Inc., offers you “three for four or I knock on your door.” This means you get $3 today and repay $4 when you get your paycheck in one week (or else). a. If you were brave enough to ask, what APR would Friendly’s say you were paying? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What’s the effective annual return Friendly’s earns on this lending business? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
uppose Brian has $1000 to lend to one of two friends for 6 months. The first friend, Tom, is offering to pay him 9% interest compounded quarterly. The second friend, Steven, is willing to pay him 8.8% interest compounded daily. a) Compute the future value if Brian were to give his $1000 to Tom. Round your answer to the nearest centb) Compute the future value if Brian were to give his $1000 to Steven. Round your answer to the nearest cent. c) Every cent is important to Brian. Which friend is offering Brian the better deal?
Use PMT P(r/n) / (1- (1+r/n)-nt to determine regular pymt amt, rounded to nearest dollar. Home cost $209,000, bank requires 20% down pymt and 3pts at closing. The cost of the home is financed for 30-year fixed rate at 9.5%. P=$209,000 - $41,800 = $167,200 Down Pymt= $41800 Rate= 9.5% or 0.095 Time = 30 years fixed Points= 3 or 0.03 (167200*0.03=5106) N=12 167200(0.095/12) = 1323.666666666667 divided by: (1-(1+0.095/12)-12(30) = -360 (1-(1.007916666666667)-360 = 17.09486179680438 1-17.09486179680438 = -16.09486179680438 1323.6666666667 / -16.09486179680438 (this is the one I am having trouble calculating on my calculator) Please help me understand what I'm doing wrong on the bottom calculation.

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