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- What is the total amount of interest from a 5,000 loan after three years with a simple interest rate of 6?If you receive 500 in simple interest on a loan that you made for 10,000 for five years, what was the interest rate you charged?Suppose Ford Motor Company issues a five year bond with a face value of 5,000 that pays an annual coupon payment of $150. What is the interest rate Ford is paying on the borrowed funds? Suppose the market interest rate rises from 3 to 4 a year after Ford issues the bonds. Will the value of the bond increase or decrease?
- The central bank is selling $100 worth of bonds payable in one year. The price it gets today is $98. What is the implicit interest rate? (If you get 0.0112, please write 1.12)You work for a bank that has just made two loans. In one, you lent $900 today in return for $1200 in one year. In the other, you lent $900 today in return for $10000 in 20 years. The difference between the loan amount and repayment amount is based on an interest rate of 8% per year. Imagine that immediately after you make the loans, news about economic growth is announced that increases inflation expectations, so that the market interest rate for loans like these jumps to 10%. Loans make up a major part of a bank’s assets, so you are naturally concerned about the value of these loans. What is the effect of the interest rate change on the value to the bank of the promised repayment of these loans?Assume the interest rate rises to 7.0%. What is the total cost of interest with the new interest rate? (Use Table 15.1) NOTE: Round your intermediate calculations and final answer to the nearest cent.
- Grant agreed to lend Kay $1,000 for one year at a nominal rate of interest of 5%. At the end of the year prices have actually risen by 7%. Who loses and who gains? Why? What is the real interest rate?Suppose you purchase a new house for $200 000, making a down payment of 5% and takingout a mortgage on the balance. What is the return on your investment in your house if one yearlater the price of your house increased by 10%? (show your work).A) 100%B) 150%C) 200%D) 220%Suppose you are considering whether to purchase a house off of Lake Erie for $400,000. You expect the total costs of maintaining the property (utilities, repairs, etc.) to equal $15,000/year, and that you would be able to generate $35,000/year in revenue if you were to put the house on the short term rental market. Suppose you are deciding between purchasing the home or whether to invest $400,000 in an interest-bearing account. If your objective is to maximize your own net income, what would the interest rate have to equal for you to invest in the interest-bearing account? Can you help me just figure out how to set this up? I get that we need the investment to equal 20k but not sure on how to figure out interest rates.
- Suppose you are considering whether to purchase a house off of Lake Erie for $400,000. You expect the total costs of maintaining the property (utilities, repairs, etc.) to equal $15,000/year, and that you would be able to generate $35,000/year in revenue if you were to put the house on the short term rental market. Suppose you are deciding between purchasing the home or whether to invest $400,000 in an interest-bearing account. If your objective is to maximize your own net income, what would the interest rate have to equal for you to invest in the interest-bearing account? Suppose you decide to buy the house, and now you have to decide whether/when to list the house on the short term rental market (like Airbnb) or stay in the house yourself. Briefly explain what this decision would depend on. What are the implicit (opportunity) costs associated with renting the house to someone else on a given day? What are the implicit costs associated with the staying in the house yourself?…Discuss the relationship between nominal and effective interest rates?Explain why there is a negative relationship between interest rate and quantity demand of capital And why there is a positive relationship between interest rate and quantity supply of capital.
