Justin bought a Scion car for a price of $8,200, putting down $800 and financing the remainder with 60 monthly payments of $179.99. the APR by table lookup is ( use the table in the handbook) Practical Businness Math
Q: Problem 2 Assume that it is now January 1, 2022. On January 1, 2023, you will deposit Rs 1,000 into…
A: When interest is calculated on the principal amount every year it is known as simple interest.…
Q: Engineering economy is the joining of ____aspect and the financial aspect of a business.
A: Engineering economy, by definition, entails formulating, forecasting, and assessing the anticipated…
Q: how long will it be before you have enough money for the down payment and closing costs?
A: Information Provided: Amount at hand (Present value) = 15,000 Down payment = 10% of house cost…
Q: Market Data Risk-Free Rate (Annualized) 0.025 Vokinar Corporation Stock Price…
A: To Find: Call Price Put Price
Q: A firm has a long-term debt-equity ratio of 0.4. Shareholders’ equity is $839,800. Current assets…
A: Solution:- Total debt ratio means the percentage of total debt in the total assets of the entity.…
Q: According to the simplified Brennan Lally CAPM, what is the cost of equity for A Ltd? Using the…
A: Risk free rate is 3% Tax adjusted market risk premium "TARMP" is 7.5% Corporate tax rate is 28%…
Q: Suppose $2000 is deposited in a saving account that pays interest at an annual rate d 0.40%,…
A: The concept is of calculation of present value when interest rate is compounded continuously. In the…
Q: El Paso Water (EPW) purchases surface water for treatment and distribution to EPW customers from…
A: El Paso Water (EPW) purchases surface water for treatment and distribution to EPW customers from the…
Q: What is the balance in the account after 3years? How much of this balance corresponds to "interest…
A: Information Provided: Principal = $1250 Interest rate = 8% A: Period = 3 years B: Period = 31 years…
Q: An annuity due has four payments, $2000 each. What's the present value of the annuity due at a 6%…
A: Annuity due is that annuity in which payments are made at the start of each period. This is in…
Q: Assume the pure expectation theory holds: If the return on 6 years maturity treasury bill (TB) is…
A: Rate of return for different maturities have been given. Based on the information, we have derive…
Q: 4. A manufacturing firm maintains one product assembly line to produce generators. The demand for…
A: Maximum production time= per day demand/operation time per day per day demand=85/7=12.14 operation…
Q: a) What is the nominal weighted-average cost of capital (WACC) for this project? b) As CFO, do you…
A: WACC The Weighted Average Cost of Capital (WACC) shows the after-tax cost of capital from all…
Q: Companies with excess cash often employ share repurchase plans in place of or along with cash…
A: PE Ratio = Market Price per shareEarnings per share Earnings per share = Total EarningsNumber of…
Q: South African bank. In order to assist him in making this decision, derive the equation whose…
A: Since there is more than 1 cash inflow over a period of time, we need to determine the IRR (Internal…
Q: A non-executive director of Plumtree plc has been asked to deliver a presentation to the company's…
A: Solution:- Corporate Governance is the system by which an entity is controlled and practiced.
Q: 1. Write an overview on Blockchain and Cryptocurrencies. (Hint: it is required to define, past…
A: A cryptocurrency is what you can say a medium of exchange just like normal currency like US Dollar…
Q: Your father is 50 years old and will retire in 10 years. He expects to live for 25 years after he…
A: There is need of proper planning for retirement and if done on time would give good results due to…
Q: A federal agency received a recommendation to raise Corporate Average Fuel Economy standards to…
A: The present value of net benefits is present value of total benefits minus total present value of…
Q: Find the effective mortgage rate for a 30-year, $100,000 mortgage at 6% interest compounded monthly…
A: Honor Code: “Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be…
Q: Josh has an investment account with $50,000. If Josh earns 6% per year and contributes $400 each…
A: Future Value = Present Value * ( 1 + Intererst rate) time period
Q: Assume a firm's inventory level of $11,000 represents 32 days' sales. Required: a. What is the…
A: The inventory turnover ratio indicates how many times the inventory was sold. It also indicates the…
Q: The investor wants to invest in the purchase of an office building. He suggests he can rent it out…
A: Time value of money concept is based on the premise that money today has more value than the same…
Q: f the firm’s cost of capital is 12 percent, should the investment be made?. Use a minus sign to…
A:
Q: Intel Inc is looking to acquire a new equipment for a project that will last for eight years. The…
A: Comparing alternatives: When a company needs equipment, it can either purchase it outright or lease…
Q: a company will be paying off a loan witj annual payments of $6000 for 8 years assuming 5% annual…
A:
Q: In 1626, Dutchman Peter Minuit purchased Manhattan Island from a local Native American tribe.…
A: We are given Present value=24 Rate=4.25% number of years=392 We have to calculate Future value we…
Q: 49 A businessman borrowed P310,000 with interest at the rate of 4.7% compounded semi-annually. He…
A: Information Provided: Amount borrowed = 310,000 Interest rate = 4.7% compounded semi-annually…
Q: 31. Supercall plc has conducted a stakeholder mapping exercise. This produced the following results…
A: There are two multiple choice Questions on disconnected topics. The first one is about the type of…
Q: Mendez Company has identified an investment project with the following cash flows. Year Cash Flow 1…
A: Solution:- When some amount is deposited somewhere, it earns interest on it. The amount initially…
Q: You want to buy a mobile phone and was offered 28,000 cash payment or on installment basis for 12…
A: Loans are paid by the monthly payment and these monthly payment carry the payment for principal…
Q: You are an international shrimp trader. A food producer in the Czech Republic offers to pay you 2.4…
A: Offers by Czech Republic offers = 2.4 million Czech koruna Offers by Thai supplier = 2.9 million…
Q: A bond with face value P10,000 has a semiannual coupon rate of 6%. With a time to maturity of 3…
A: Current yield: The total revenue of a bond is divided by its market price to get the bond's current…
Q: . A new computer is to be purchased for a lab. It costs $3,000. The software this machine needs will…
A: Years Cash flows 0 -3000 1 -230 2 -230 3 -230 4 -230
Q: 8-9. (Estimating betas) Consider the following stock returns for B&A Trucking, Inc., and the market…
A: We have a plot of the stock return versus the market return. From the plot, we have to estimate the…
Q: (Related to Checkpoint 5.6) (Solving for ) Kirk Van Houten, who has been married for 22 years, would…
A: The future value of a single amount can be calculated by multiplying the present value by the future…
Q: A construction company in Manila will bid on the digging of an irrigation canal in a nearby province…
A: Solution:
Q: 10. Which of the following 1-year investments has the highest rate of return? (a) $12,500 that…
A:
Q: A couple just had a baby. How much should they invest now at 5.4% compounded daily in order to have…
A: Compound Interest The interest that can be earned above interest is known as compound interest. The…
Q: YH's store performance in 2017 in comparison to 201 2017 Actual Results % $ $50,964 $3,731 $30,100…
A: The income statement is a financial statement that shows a company's sources of revenue and its…
Q: Prof. Business is considering retirement in 5 years. She is in a self-managed defined contribution…
A: Present Value $ 9,00,000.00 Annual Expected Return…
Q: ayments of $1,400 in 1 year and another $2,800 in 4 years to settle a loan are to be rescheduled…
A: The value of loan is the present value of future payments that are to be received in the future…
Q: Using an appropriate diagram(s), explain the concept of direct and indirect finance.
A: Financing is the movement of funds from the lenders to the borrowers. The same can happen directly…
Q: Mr. Ramos opened a time deposit of Php200,000 that earns 2.5% per annum. Suppose he agreed to leave…
A: Given, Amount deposited is Php 200,000 Rate is 2.5% per annum
Q: Ashburn Company issued 15-year bonds two years ago at a coupon rate of 9.4 percent. The bonds make…
A: Lets assume face value of the bond = $1000 Semiannual coupon amount = $47 (i.e. $1000 * 0.094 / 2)…
Q: Malcolm owns an empty shop unit. Following long negotiations with Urquhant plc, which operates a…
A: “Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only…
Q: Martinez Industries had the following operating results for 2021: Sales = $33,308; Cost of goods…
A: Since you have asked a question with multiple questions, we will solve the first three for you. If…
Q: you pay the money back your card charges an annual fee). If you do not pay all of the money back at…
A: Credit cards are very common now days and used by everyone now days because it will help you to buy…
Q: Given an interest rate of 9 percent per year, what is the value at date t-6 of a perpetual stream of…
A: Interest rate (i) = 0.09 Annual payment (C) = $1200 Period from year 6 to 14 (n) = 8 Value at t6 = ?…
Q: Your grandmother deposited $10,000 in an investment account on the day you were born to help pay…
A: Solution:- An amount deposited today somewhere earns interest. The amount invested in beginning is…
Justin bought a Scion car for a price of $8,200, putting down $800 and financing the remainder with 60 monthly payments of $179.99. the APR by table lookup is ( use the table in the handbook) Practical Businness Math
Step by step
Solved in 3 steps with 1 images
- Brooke bought a new car for $32,000. She paid a 20% down payment and financed the remaining balance for 48 months with an APR of 4.3%. Assuming she made monthly payments, determine the total cost of Brooke's car. Round your answer to the nearest cent, if necessary.Kimberly Jensen of Storm Lake, Iowa, wants to buy some living room furniture for her new apartment. A local store offered credit at an APR of 16 percent, with a maximum term of four years. The furniture she wishes to purchase costs $3,600, with no down payment required. Using Table 7-2 or the Garman/Forguecompanion website, make the following calculations (round all intermediate calculations to two decimal places) 1.Do the task with the excel or manually if possible,thx If a family who owns a food stall is planning to buy a car in the next 3 years for $13920,89. The family is able to set aside 20% of their income from $1392,09/month by saving (1% bank interest/month). Is that money enough to buy a car? If not, how much should the family add?
- On march 4 she spent $20 on a lottery ticket, on mrach 7 she won $ 265000 in the lottery. on march 10 she deposited $80000 in a business chequing account, on march 14 she made a down payment of $150000 from her personal funds plus a home mortgage of $240000. on march 15 she signed a rental agreement for her office for $2000 per month starting march 15, she paid 1st month rent and rest on 15th of every month. on march 19, she hired a receptionist for $725 a week starting march 24, she bought office equipement for $8000. on march 21, she purchased $225 of supplies on account. on march 24 she purchased $6700 of equipment for $3000 plus a $3700 note payable due in 6 months. On march 31 she performed $3700 of legal services on account . On march 31 she received $2500 cash for legal services to be provided in april. On march 31 she paid her receptionist $725 for the week , On march 31 she paid $225 for the supplies purchased on march 21. prepare a tabular analysis of the effects of above…In early December Alice and Bob decided to open Sample Cafe with $15,000 of their own money and $20,000 borrowed from a friend. They have spent $13,000 on equipment and furniture, and they have purchased $3,100 worth of cups for cash which they expect will be used over the next three months. Having put down a $2,300 deposit for a location on Main St., they will pay the first month’s rent when they open their doors on January 1. In the balance sheet template below, fill in the appropriate values as of December 31.Can you help me with this please? Katrina purchased a dining room set for $1500 down with the balance to be paid by 36 monthly payments of $198.12 including interest at 12% compounded monthly. What was the balance owed after 20 payments?
- On 1 March 2021, Tom set up J Hair Salon by investing $50,000 cash and $30,000 of equipment in J Hair Salon. On that day, he paid rent of $15,000 for three months. During March 2021, he completed the following additional transactions: Purchased $3,000 of supplies on account. Provided haircuts and treatments and received $20,000 cash. Determined that the cost of supplies on hand in end-March was $500.Analyse the above and record the necessary entries for March 2021. For this question, dates and narrations are not requiredTo purchase $14,300 worth of restaurant equipment for her business, Kala made a down payment of $1700 and took out a business loan for the rest. After 3 years of paying monthly payments of $383.33, she finally paid off the loan. 1. What was the total amount Kala ended up paying for the equipment (including the down payment and monthly payments)? 2. How much interest did Kala pay on the loan?Each Section should be completed in a separate spreadsheet tab and all calculations should be performed using Excel formulas: You graduated from college and landed a new job that will start in a couple of weeks. You need to purchase a car to commute to and from your new place of employment. You have decided to buy a car that costs $40,000, and will make a $5,000 down payment, resulting in the need to take out a $35,000 loan with a 5% annual interest rate that you will pay off in equal monthly installments over the next 5 years (60 months). Calculate and provide the following information: a) Calculate the monthly payment on the car loan. b) Prepare an amortization table for the car loan that provides separate columns for the following for each month of the car loan: Beginning loan balance; total payment amount, amount of monthly payment allocated to interest; amount of monthly payment allocated to the principal balance; and ending loan balance. (Your amortization table is likely…
- In early December Alice and Bob decided to open Sample Cafe with $16,000 of their ownmoney and $20,000 borrowed from a friend. They have spent $13,000 on equipment andfurniture, and they have purchased $3,200 worth of cups for cash which they expect will beused over the next three months. Having put down a $2,300 deposit for a location on MainSt., they will pay the first month’s rent when they open their doors on January 1.In the balance sheet template below, fill in the appropriate values as of December 31.Andres is an operator of taxi cabs. During a particular month, he purchased from Toyota, a VAT registered car dealer, 10 sedan type units for a total selling price of P5M. The estimated useful life of each vehicle is four years. How much will be the amount due from Andres?A friend purchased a new sound system that was selling for $4200: He agreed to make a down paymentof $1000 and to make 24 monthly payments of $160; beginning one month from the time of purchase.What is the effective interest rate being paid? (pls solve showing every step with the mathematical formulas, do not use excel ect.)