Suppose Capital One is advertising a 60-month, 5.81% APR motorcycle loan. If you need to borrow $8,500 to purchase your dream Harley-Davidson, what will be your monthly payment? (Note: Be careful not to round any intermediate steps less than six decimal places.) Your monthly payment will be $nothing. (Round to the nearest cent.)
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- Suppose Capital One is advertising a 60-month, 5.47% APR motorcycle loan. If you need to borrow $7,600 to purchase your dream Harley-Davidson, what will be your monthly payment? (Note: Be careful not to round any intermediate steps less than six decimal places.)Suppose Capital One is advertising a 60-month, 5.42% APR motorcycle loan. If you need to borrow $8,000 to purchase your dream Harley-Davidson, what will be your monthly payment? (Note: Be careful not to round any intermediate steps less than six decimal places.) Your monthly payment will be $____. (Round to the nearest cent.)Suppose Capital One is advertising a 60-month,5.85% APR motorcycle loan. If you need to borrow $7,100 to purchase your dream Harley-Davidson, what will be your monthly payment? (Note: Be careful not to round any intermediate steps less than six decimal places.)
- Suppose a borrower, Syarikat ABC, has a 5-year, RM 10 million loan from Maybank.• Maybank charges an interest based on 6-month KLIBOR + 2% payable semi-annually.• The firm’s funding costs will increase as 6-month KLIBOR rises. How can the firmhedge?FINCORP has two debtors who each make a $10, 000 purchase. Debtor 1 pays their account in 10 days, while debtor 2 pays in 30 days. a) In simple terms, what nominal annual interest rate is debtor 2 incurring for the benefit of delaying payment? Note: base your answer on the following logic. If a borrower pays 3% for a 30-day loan, we could express the nominal annual rate as roughly 36.5% i.e 3% x 365/30 = 36.5% that payment is due within 30 days but debtors will receive a 5 percent discount if they pay within 14 days. I'm quite unsure if that 5% as it is a discount, is handy or the steps to calculate the nominal interest rateA department store has it’s own credit card facilities, for which it charges interest at a rateof 4% each month. Calculate the annual percentage rate (APR). Explain why this is not thesame as charging an annual interest rate of 48% and what is APR.b) A proposed investment costs $1500 today. The expected revenue flow is $ 3000 at theend of year 1, and $10,000 at the end of year 2. Find the internal rate of return, correct totwo decimal places. The market interest rate is 15%. Would you recommend thisinvestment? Explain the reason for your recommendation.
- You want to buy a new sports coupe for $75,200, and the finance office at the dealership has quoted you a loan with an APR of 7.6 percent for 48 months to buy the car. What will your monthly payments be? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. What is the effective annual rate on this loan? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.Suppose Marty borrows $300,000 at 4% for 30 years, monthly payments. The APR on the loan is 4.25%. What amount of points were charged if there was $5,000 origination cost? Please solve using excel and excel formulasCarla Vista Design has daily sales of $54,000. The financial management team has determined that a lockbox would reduce the collection time by 1.7 days. Assuming the company can earn 4.1 percent interest per year, what are the savings from the lockbox? (Round answer to 2 decimal places, e.g. 12.25.) what is the Savings from the lockbox per year?
- Xu Salon has a line of credit of $150,000 with an interest rate of 1.625 percent per quarter. The credit line requires that 2.25 percent of the unused portion of the credit line be deposited in a non-interest-bearing account as a compensating balance. Xu Salon's short-term investments are earning .35 percent per quarter. If the line of credit goes unused all year, what is the effective annual interest rate on this arrangement? Assume any funds borrowed or invested use compound interest. Give typing answer with explanation and conclusionYou want to buy a new sports coupe for $78,500, and the finance office at the dealership has quoted you an APR of 6 percent for a 60 month loan to buy the car. a. What will your monthly payments be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the effective annual rate on this loan? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)You want to buy a new sports coupe for $74,400, and the finance office at the dealership has quoted you a loan with an APR of 6.8 percent for 48 months to buy the car. a. What will your monthly payments be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the effective annual rate on this loan? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)