рауm parents agree to lend her money at an annual rate of 5%, charged as sir interest. They lend her s7000 for 3 years. She makes no payments except one at the end of that time. Answer the following questions. If necessary, refer to the list of financial formul |(a) How much total interest will Mary have to pay? |(b) What will the total repayment amount be (including interest)?

Q: 13. Adams Corp's sales last year were $57,000, and its total assets were $34,000. What was its total...

A: Sales = $57000 Total assets = $34000

Q: If Maria wants to be a millionaire ($1,000,000) by the time she retires (45 years from now), how muc...

A: Future value (FV) = $1,000,000 Interest rate = 8% Semi annual interest rate (r) = 8%/2 = 4% Period =...

Q: Consider a European put option and a European call option on a $100 non-dividend-paying stock. Both ...

A: Strike Price  $   100.00 Spot price  $   100.00 Time Period  6 Months Risk Free rate  5%

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Q: Any manufacturing company has costs which include fixed costs such as plant overhead, product design...

A: Solution:- Break-even point is the point where the entity is at the situation of no profit, no loss....

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A: Expected dividend (D1) = $1.48 Growth rate (g) = 5.3% Cost of capital (r) = 10.7%

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Q: What are Finances?

A: Finances: It contains leverage/debt, banking, capital markets, investments, credit, and the creatio...

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A:

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Cost of Credit

The cost of credit is an extra amount that the borrower has to pay besides the loan amount. These credit charges may vary from loan to loan. The cost of credit includes interest charges, maintenance charges, and arrangement charges. Some of the costs are mandatorily collected by the lender based on the loan amount and tenure of the loan. The cost of credit is also called finance charges of the credit.