Wednesday
November 26, 2014

Homework Help: Business: Finance

Recent Homework Questions About Finance

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Finance
Western Corporation’s stock was $10 per share when purchased, and is now at $14 per share. The company made $1 million in after-tax income and there are 500,000 shares outstanding. What is the capital gain per share?
Tuesday, November 25, 2014 at 11:10pm

finance
The countries of Stabilato and Variato have the following average returns and standard deviations for their stocks, bond, and short-term government securities. What range of returns should you expect to earn 95 percent of the time for each asset class if you invested in ...
Tuesday, November 25, 2014 at 4:02pm

Finance
Calculate the monthly finance charge for the credit card transaction. Assume that it takes 10 days for a payment to be received and recorded, and that the month is 30 days long. (Round your answers to the nearest cent.) $200 balance, 14%, $50 payment (a) previous balance ...
Saturday, November 22, 2014 at 1:32am

Advanced Finance
6. (TCO F) Suppose the December CBOT Treasury bond futures contract has a quoted price of 80-07. What is the implied annual interest rate inherent in the futures contract? Assume this contract is based on a 20-year Treasury bond with semiannual interest payments. The face ...
Friday, November 21, 2014 at 6:13pm

Finance
Baako has invested $75,000 in a trust fund at 9% for his child's college education. His child will draw $30,000 per year for four years, starting at the end of year 7. What will be the amount that will be left over in the education fund at the end of year 10, just after ...
Wednesday, November 19, 2014 at 7:26pm

Finance
You have just started your first job and you want to have the basic appliances (fridge, washer, dryer, etc.) in your apartment. You face the following choices: (i) Purchase all appliances at the store using a bank loan. There is no down payment as the bank can take your ...
Wednesday, November 19, 2014 at 7:24pm

Finance
Dominique has just turned 65 and she has deposited her annual payment of $20,000 into her retirement account. She made her first such saving deposit into this fund on her 35th birthday. Dominique has also retired and wants to figure out how much money she has in her retirement...
Wednesday, November 19, 2014 at 7:22pm

Finance
In the following ordinary annuity, the interest is compounded with each payment, and the payment is made at the end of the compounding period. How much must you invest each month in a mutual fund yielding 13.5% compounded monthly to become a millionaire in 10 years? (Round ...
Saturday, November 15, 2014 at 11:01pm

finance
the joseph company has a stock issue that pays a fixed dividend of 3.00 per share annually. Investors believe the normal rik-free rate is 4 percent and that this stock is 14 percent,and that this stock should have a risk premium of 6 percent
Friday, November 14, 2014 at 11:17pm

business finance
A young couple was involved in a multi-level marketing business for a number of years under the wife’s name. The husband used his money and made a loan of RM 20000(about 6000 US dollar) from an Islamic bank to start the business. The profit gained from the business is ...
Friday, November 14, 2014 at 8:48am

Finance
Are investors and speculator activities necessary to the system of production, or could businesses function just fine without them? Because I feel like sometimes businesses dont really have to resort to having to sell portions of there business to investors and stuff...
Thursday, November 13, 2014 at 5:40pm

finance
Suppose that an insurance agent offers you a policy that will provide you with a yearly income of $50,000 in 30 years. What is the comparable salary today, assuming an inflation rate of 6% compounded annually? (Round your answer to the nearest cent.)
Thursday, November 13, 2014 at 3:48pm

Question Finance
November 21, 2009, was the day of a tragic fire in the MGM Grand Hotel in Las Vegas. At the time of the fire, the hotel had only $30 million of liability insurance. One month after the fire, the hotel bought an extra $170 million of liability coverage for a premium of $37.5 ...
Thursday, November 13, 2014 at 12:44pm

finance
November 21, 2009, was the day of a tragic fire in the MGM Grand Hotel in Las Vegas. At the time of the fire, the hotel had only $30 million of liability insurance. One month after the fire, the hotel bought an extra $170 million of liability coverage for a premium of $37.5 ...
Thursday, November 13, 2014 at 12:24pm

finance math
Meg's pension plan is an annuity with a guaranteed return of 7% interest per year (compounded annually). She would like to retire with a pension of $30000 per annum for 15 years. If she works 31 years before retiring, how much money must she and her employer deposit per ...
Wednesday, November 12, 2014 at 9:27pm

Can some one check my finance answers please
Which of the following best states the difference between seed capital and startup capital? Seed capital is for research and planning while startup capital is for operating expenses. Seed capital is provided by venture capitalists while startup capital is provided by banks. ...
Wednesday, November 12, 2014 at 8:36pm

Finance
Which of the following best states the difference between seed capital and startup capital? Seed capital is for research and planning while startup capital is for operating expenses. Seed capital is provided by venture capitalists while startup capital is provided by banks. ...
Wednesday, November 12, 2014 at 6:14pm

finance
Which of the following statements is true for a stock that sells now for $66.9, pays quarterly dividend of $1.20, and experienced a 25% return on investment over the past year? Its price one year ago was:
Tuesday, November 11, 2014 at 10:01pm

finance
What is the percentage return on a stock that was purchased for $43.00, paid quarterly dividends of $1.25, and was then sold after one year for $40.50?
Tuesday, November 11, 2014 at 10:00pm

BTEC Level 3 Business
I need to find out what information the finance and marketing departments need and use within a business.
Monday, November 10, 2014 at 12:59pm

math
Calculate the monthly finance charge for the credit card transaction. Assume that it takes 10 days for a payment to be received and recorded and that the month is 30 days long Balance: $200 Rate: 18% Payment: $50 Method: Adjusted balance
Monday, November 10, 2014 at 9:20am

Finance
I am expected to pay a dividend of $5.10 year for the next for years. If the current price of my stock is $31.67, and my equity cost of capital is 15% what price would I expect my stock to sell for at the end of four years?
Sunday, November 9, 2014 at 10:26pm

Finance
what is the internal rate of return for an initial outlay of $10,500 resulting in a single cash inflow of $19,932 in 11 years?
Sunday, November 9, 2014 at 10:09pm

Math
A family purchased a new ski boat for $20,000. The loan agency required a down payment and financed the balance for 36 months with an APR of Determine the total finance charge and monthly payment for the loan.
Sunday, November 9, 2014 at 8:57pm

Finance
Here's another way to look at it. Suppose you want to borrow $100,000. You choose a 30-year fixed rate loan at 7.5%, and pay one discount point ($1,000), a 1% origination fee ($1,000), and $350 in other fees. Although the lender is giving you a loan for $100,000, you have ...
Saturday, November 8, 2014 at 11:42am

Math
Larry purchased a ski lodge in Telluride for $850,000. His bank is willing to finance 70% of the purchase price. As part of the mortgage closing costs, Larry had to pay 4% discount points. How much did this amount to?
Thursday, November 6, 2014 at 1:05pm

Finance
If you open an IRA at a commercial bank and deposit $1000 in the account per year, how much will be in the account after 20 years if the funds earn 7%?
Wednesday, November 5, 2014 at 11:08am

Finance
2. Jamie Thompson is thinking about investing in some residential income-producing property that she can purchase for $200,000. Jamie can either pay cash for the full amount of the property or put up $50,000 of her own money and borrow the remaining $150,000 at 8% interest. ...
Sunday, November 2, 2014 at 11:01pm

Need help by tonite Finance
15. Bond ratings and prices A corporate bond with an 8.5 percent coupon has 10 years left to maturity. It has had a credit rating of A and a yield to maturity of 10 percent. The firm has recently gotten into some trouble and the rating agency is downgrading the bonds to BBB. ...
Sunday, November 2, 2014 at 2:33pm

Need help by tonite Finance
4. Liquidity Premium Hypothesis Suppose we observe the following rates: 1R1 = 8 percent, 1R2 = 10 percent, and E(2r1) = 8 percent. If the liquidity premium theory of the term structure of interest rates holds, what is the liquidity premium for year 2, L2?
Sunday, November 2, 2014 at 2:32pm

Need help by tonite Finance
3. Unbiased Expectations Theory One-year Treasury bills currently earn 5.50 percent. You expect that one year from now, one-year Treasury bill rates will increase to 5.75 percent. If the unbiased expectations theory is correct, what should the current rate be on two-year ...
Sunday, November 2, 2014 at 2:31pm

Need help by tonite FINANCE
2. Interest rates A two-year Treasury security currently earns 5.25 percent. Over the next two years, the real interest rate is expected to be 3.00 percent per year and the inflation premium is expected to be 2.00 percent per year. What is the maturity risk premium on the two-...
Sunday, November 2, 2014 at 2:30pm

Finance
Wheel Industries is considering a three-year expansion project, Project A. The project requires an initial investment of $1.5 million. The project will use the straight-line depreciation method. The project has no salvage value. It is estimated that the project will generate ...
Sunday, November 2, 2014 at 5:30am

Finance
Honey well international zero coupon bonds par value $1000 mature on April 21, 2012. Calculate the yield to maturity if an investor purchased one of these bonds on April 21, 2006, at a price of $650.
Friday, October 31, 2014 at 1:26pm

FINANCE
12. Bond Quotes Consider the following bond quote: a municipal bond quoted at 101.25. If the municipal bond has a par value of $5,000, what is the price of the bond in dollars?
Friday, October 31, 2014 at 2:18am

FINANCE
10. Bond prices and interest rate An 8 percent coupon bond with 15 years to maturity is priced to offer a 9 percent yield to maturity. You believe that in one year, the yield to maturity will be 6.5 percent. What is the change in price the bond will experience in dollars? (...
Friday, October 31, 2014 at 2:17am

FINANCE
8. Suppose that the current one-year rate (one-year spot rate) and expected one-year T-bill rates over the following three years (i.e., years 2, 3, and 4, respectively) are as follows: 1R1 = 5 percent, E(2r1) = 6 percent, E(3r1) = 7.5 percent E(4r1) = 6.85 percent Using the ...
Friday, October 31, 2014 at 2:16am

FINANCE
8. Suppose that the current one-year rate (one-year spot rate) and expected one-year T-bill rates over the following three years (i.e., years 2, 3, and 4, respectively) are as follows: 1R1 = 5 percent, E(2r1) = 6 percent, E(3r1) = 7.5 percent E(4r1) = 6.85 percent
Friday, October 31, 2014 at 2:16am

FINANCE
7. Forecasting interest rates Assume the current interest rate on a one-year Treasury bond (1R1) is 5.50 percent, the current rate on a two-year Treasury bond (1R2) is 5.95 percent, and the current rate on a three-year Treasury bond (1R3) is 8.50 percent. If the unbiased ...
Friday, October 31, 2014 at 2:15am

FINANCE
6. On May 23, 2014, the existing or current (spot) one-year, two-year, three-year, and four-year zero-coupon Treasury security rates were as follows: 1R1 = 4.55 percent, 1R2 = 4.75 percent, 1R3 = 5.25 percent, 1R4 = 5.95 percent Using the unbiased expectations theory, ...
Friday, October 31, 2014 at 2:15am

FINANCE
5. Forecasting Interest Rates Assume the current interest rate on a one-year Treasury bond (1R1) is 5.00 percent, the current rate on a two-year Treasury bond (1R2) is 5.75 percent, and the current rate on a three-year Treasury bond (1R3) is 6.25 percent. If the unbiased ...
Friday, October 31, 2014 at 2:14am

FINANCE
4. Liquidity Premium Hypothesis Suppose we observe the following rates: 1R1 = 8 percent, 1R2 = 10 percent, and E(2r1) = 8 percent. If the liquidity premium theory of the term structure of interest rates holds, what is the liquidity premium for year 2, L2?
Friday, October 31, 2014 at 2:14am

FINANCE
3. Unbiased Expectations Theory One-year Treasury bills currently earn 5.50 percent. You expect that one year from now, one-year Treasury bill rates will increase to 5.75 percent. If the unbiased expectations theory is correct, what should the current rate be on two-year ...
Friday, October 31, 2014 at 2:13am

FINANCE
2. Interest rates A two-year Treasury security currently earns 5.25 percent. Over the next two years, the real interest rate is expected to be 3.00 percent per year and the inflation premium is expected to be 2.00 percent per year. What is the maturity risk premium on the two-...
Friday, October 31, 2014 at 2:12am

FINANCE
1. Interest rates A particular security's default risk premium is 3 percent. For all securities, the inflation risk premium is 2 percent and the real interest rate is 2.25 percent. The security's liquidity risk premium is 0.75 percent and maturity risk premium is 0.90 ...
Friday, October 31, 2014 at 2:11am

finance
(Defining capital structure weights) Templeton Extended Care Facilities, Inc. is considering the acquisition of a chain of cemeteries for $400 million. Since the primary asset of this business is real estate, Templeton's management has determined that they will be able to ...
Thursday, October 30, 2014 at 4:07am

Finance
The 6 percent, semi-annual bonds issued by Black Water Mills mature in 9 years and have a face value of $2,200. What is the current value of one of these bonds if the market rate of return is 11.10 percent?
Wednesday, October 29, 2014 at 8:56pm

Finance
Your company is considering diversifying its investment in financial securities into both stocks and bonds. You are asked to evaluate the following alternatives and make your recommendations as to the securities that your company should select. Bonds: There are several bonds ...
Monday, October 27, 2014 at 9:32pm

Corporate Finance
Your company is considering diversifying its investment in financial securities into both stocks and bonds. You are asked to evaluate the following alternatives and make your recommendations as to the securities that your company should select. Bonds: There are several bonds ...
Monday, October 27, 2014 at 10:49am

finance
Assume that Kish Inc. hired you as a consultant to help estimate its cost of capital. You have obtained the following data: D0 = $0.90; P0 = $30.00; and g = 7.00% (constant). Based on the DCF approach, what is the cost of equity from retained earnings?
Sunday, October 26, 2014 at 8:13pm

history
What changes occurred in agriculture, finance, and industry during the 18th century?
Sunday, October 26, 2014 at 2:25am

Finance for Mgrs
a. Find the marginal tax rate for the following levels of corporate earnings before taxes: $11,000, $81,600, $304,000, $496,000, $1,300,000, $9/3 million, and $20.4 million b. B. Plot the average tax rates (measured on the y axis) against the pretax income levels (measured on ...
Saturday, October 25, 2014 at 6:10pm

Managerial Finance
The future value of an ordinary annuity of 1,000 each year for ten years, deposited at 3 percent, is A. 11,808 B. 8,530 C. 11,464 D. 10,000
Friday, October 24, 2014 at 1:59pm

Finance
The present value of a $25,000 perpetuity at a 14 percent discount rate is A. 178,571 B. 285,000 C. 350,000 D. 219, 298
Friday, October 24, 2014 at 1:09pm

Finance
24.) For the case shown in the following table, the future value of the single cash flow deposited today at the end of the deposit period if the interest is compounded annually at the rate specified equals Single Cash Flow $27,000 Deposit Period (years) 20 Interest Rate 11% a...
Thursday, October 23, 2014 at 5:20pm

Managerial Finance
24.) For the case shown in the following table, the future value of the single cash flow deposited today at the end of the deposit period if the interest is compounded annually at the rate specified equals Single Cash Flow $27,000 Deposit Period (years) 20 Interest Rate 11% a...
Thursday, October 23, 2014 at 3:00pm

Math
You are the financial manager at Best Buy where a certain TV set is normally sold for $2,500 and the full purchase price is financed for 30 monthly payments at 24% per year compounded monthly, with the payments made at the end of each month. During Christmas Best Buy is ...
Wednesday, October 22, 2014 at 8:49pm

Finance
The requirement for computer server capacity at Acme Industries is expected to increase at a rate of 15% per year for the next 5 years. If the server capacity is expected to be 1,400 gigabytes in 5 years, how many gigabytes of capacity are there today? Round to the nearest ...
Wednesday, October 22, 2014 at 12:47pm

health finance
great forks hospital reported net income for 2011 of $2.4 million on total revenue of $30 million. Depreciation expense totaled $1 million a. what were total expenses for 2011? b. what were total cash expenses for 2011? (Hint: assume that all expenses, except depreciation, ...
Wednesday, October 22, 2014 at 9:53am

finance
Bill is a restaurant manager that falls into the 25% marginal bracket and pays an additional 5% for state taxes. He has invested 20,000 in corporate bonds which is currently earning a annual return of 7.5%. What is the after tax return on bill's corporate bonds for the year?
Tuesday, October 21, 2014 at 11:38pm

Finance
Condo costs $150,000 buyer gets 15 year mortgage @ 4% . A 15% down payment is required , 1 point is required .
Monday, October 20, 2014 at 2:41pm

Finance
You want to have $5 million in real dollars in an account when you retire in 40 years. The nominal return on your investment is 12 percent and the inflation rate is 5 percent. What real amount must you deposit each year to achieve your goal?
Sunday, October 19, 2014 at 1:09pm

Business Math
Jeanna wants to buy a new boat for her family. She has two payment options. The first option is to pay a cash payment of $7,200. The second option is to finance the boat with a three year installment loan. The loan requires a 10% down payment and 36 equal monthly payments of $...
Sunday, October 19, 2014 at 4:43am

finance
Suppose an investment offers to triple your money in 36 months (don’t believe it). What rate of return per quarter are you being offered
Friday, October 17, 2014 at 8:19am

Finance
Sully Corp. currently has an EPS of $2.14, and the benchmark PE ratio for the company is 20. Earnings are expected to grow at 7.5 percent per year. What is the target stock price in 1 year? Assuming that the company pays no dividends, what is the implied return on the company...
Thursday, October 16, 2014 at 5:34pm

finance
If interest rates increase after a bond issue, what will happen to the bond’s price and yield-to-maturity
Monday, October 13, 2014 at 10:38pm

Finance
Due to poor spending habits, Bryant has accumulated $5,000 in credit card debt. He has missed several payments and now the annual interest rate on the card is 16.75 percent! If he pays $200 per month on the card, in total, how much interest expense does Bryant pay to the ...
Monday, October 13, 2014 at 9:57pm

Finance
19. Given a 10 percent interest rate, compute the year 9 future value if deposits of $10,000 and $20,000 are made in years 1 and 5 respectively, and a withdrawal of $5,000 is made in year 7.
Monday, October 13, 2014 at 9:56pm

Finance
A mortgage broker is offering a $225,000 30-year mortgage with a teaser rate. In the first two years of the mortgage, the borrower makes monthly payments on only a 2.5 percent APR interest rate. After the second year, the mortgage interest rate charged increases to 8.5 percent...
Monday, October 13, 2014 at 9:55pm

Finance
Your client has been given a trust fund valued at $1 million. She cannot access the money until she turns 68 years old, which is in 12 years. At that time, she can withdraw $30,000 per month. If the trust fund is invested at a 7 percent interest rate, how many months will it ...
Monday, October 13, 2014 at 9:54pm

Finance
Anna has been saving $450 in her retirement account each month for the last 20 years and plans to continue contributing $450 each month for the next 20 years. Her account has been earning a 9 percent annual interest rate and she expects to earn the same rate for the next 20 ...
Monday, October 13, 2014 at 9:49pm

Finance
Say that you purchase a house for $150,000 by getting a mortgage for $135,000 and paying a $15,000 down payment. Assume you get a 15-year mortgage with a 6 percent interest rate. If the house appreciates at a 2 percent rate per year, what will be the value of the house in ...
Monday, October 13, 2014 at 9:30pm

Finance
As a college student, you probably receive many credit card offers in the mail. Consider these two offers. The first card charges a 17 percent APR. An examination of the footnotes reveals that this card compounds monthly. The second credit card charges 16.25 percent APR and ...
Monday, October 13, 2014 at 9:29pm

Finance
Anna has been saving $450 in her retirement account each month for the last 20 years and plans to continue contributing $450 each month for the next 20 years. Her account has been earning a 9 percent annual interest rate and she expects to earn the same rate for the next 20 ...
Monday, October 13, 2014 at 9:29pm

Finance
3. What is the value in year 20 of a $1,000 cash flow made in year 8 if interest rates are 15 percent in years 6 through 13 and increase to 18 percent in the remaining years?
Monday, October 13, 2014 at 9:28pm

Finance
Anna has been saving $450 in her retirement account each month for the last 20 years and plans to continue contributing $450 each month for the next 20 years. Her account has been earning a 9 percent annual interest rate and she expects to earn the same rate for the next 20 ...
Monday, October 13, 2014 at 9:22pm

Finance
12. Your current $155,000 mortgage calls for monthly payments over 25 years at an annual rate interest rate of 6 percent. If you pay an additional $50 each month beginning with the first payment, how much interest expense do you save by pre-paying?
Monday, October 13, 2014 at 9:22pm

Finance
11. Loan Payments You wish to buy a $30,000 car. The dealer offers you a 4-year loan with a 6 percent APR. What are the monthly payments? How would the payment differ if you paid interest only? What would the consequences of such a decision be?
Monday, October 13, 2014 at 9:21pm

Finance
10. Compute the present value of $3,000 paid in four years using the following discount rates: 3 percent in year 1, 4 percent in year 2, 5 percent in year 3, and 6 percent in year 4.
Monday, October 13, 2014 at 9:20pm

Finance
6. You are scheduled to pay a $350 cash flow in one year, and receive a $1,000 cash flow in years 3 and 4. If interest rates are 10 percent per year, what is the combined present value of these cash flows?
Monday, October 13, 2014 at 9:19pm

Finance
National Health Corporation (NHC) has a cumulative preferred stock issue outstanding, which has a stated annual dividend of $8 per share. The company has been losing money and has not paid preferred dividends for the last five years. There are $350,000 shares of preferred ...
Monday, October 13, 2014 at 8:15pm

Kennedy king finance
10. Compute the present value of $3,000 paid in four years using the following discount rates: 3 percent in year 1, 4 percent in year 2, 5 percent in year 3, and 6 percent in year 4.
Monday, October 13, 2014 at 3:45pm

Kennedy King finance
9. Compute the present value of $4,000 paid in five years using the following discount rates: 10 percent in year 1, 2 percent in year 2, 12 percent in year 3, and 9 percent in years 4 and 5.
Monday, October 13, 2014 at 3:44pm

Kennedy king finance
8. You invested $2,000 in the stock market one year ago. Today, the investment is valued at $9,500. What return did you earn? What return would you need to suffer next year for your investment to be valued at the original $2,000?
Monday, October 13, 2014 at 3:44pm

Kennedy king finance
8. You invested $2,000 in the stock market one year ago. Today, the investment is valued at $9,500. What return did you earn? What return would you need to suffer next year for your investment to be valued at the original $2,000?
Monday, October 13, 2014 at 3:37pm

Finance
Present Value of an Annuity Sandra and Regina earn the same salary. However, Regina has been far more financially responsible. She pays her bills on time and pays off her credit card debt quickly. Sandra had been less financially responsible. She often buys too many shoes and ...
Monday, October 13, 2014 at 12:09pm

Buisness finance
4. A firm's net income last year was $1.5 million. Its net income grew 5 percent during the last 5 years. If that growth rate continues, how long will it take for the firm's net income to double?
Monday, October 13, 2014 at 12:06pm

Finance kennedy king
4. A firm's net income last year was $1.5 million. Its net income grew 5 percent during the last 5 years. If that growth rate continues, how long will it take for the firm's net income to double?
Monday, October 13, 2014 at 11:59am

Finance math
9. Compute the present value of $4,000 paid in five years using the following discount rates: 10 percent in year 1, 2 percent in year 2, 12 percent in year 3, and 9 percent in years 4 and 5.
Sunday, October 12, 2014 at 11:52pm

finance
Sales (100 units) $200 Variable costs ($.80 ea) 80 Fixed Costs 20 EBIT 100 Interest Expense 30 EBT 70 Income tax 24 Net Income 46 Breakeven point in units
Sunday, October 12, 2014 at 6:49pm

Finance
You account pays interest at 8 percent p.a. You deposit $35,945 in it today. You must have exactly $88,956 in the account at the end of two years. What should you do at the end of the first year to ensure this? Answer: $43,544.99 Can anyone show me the steps to solve this ...
Sunday, October 12, 2014 at 2:58pm

Finance
You want to withdraw $39,944 from your account that the end of one year and $24,608 at the end of the second year. How much should you deposit in your account today so that you can make these withdrawals? Your account pays 15 percent p.a. Answer: $53,341.10 Can someone provide...
Sunday, October 12, 2014 at 2:54pm

Finance
You have just deposited X dollars in your bank account that pays interest of 6 percent p.a. you discover that at the end of one year you have $19,935 in the account. What was X, that is, the amount of money that you deposited today? Answer: $18,806.60 Can anyone provide me the...
Sunday, October 12, 2014 at 2:52pm

Math: Finance
Need help solving these finance questions? PV = C/r PV= C/r-g P= D/r-g 1st: Tom is 30 years old today. His salary next year will be $20,000. He forecasts salary growth of 5%/year and plans to retire at 60. 1) If the discount rate is 8%, what is the PV of his future salary ...
Wednesday, October 8, 2014 at 7:29pm

finance
You have been living in the house you bought 10 years ago for $300,000. At that time, you took out a loan for 80% of the house at a fixed rate 15-year loan at an annual stated rate of 9%. You have just paid off the 120th monthly payment. Interest rates have meanwhile dropped ...
Wednesday, October 8, 2014 at 1:57pm

Finance
Your program has a proposed RDT&E-funded project scheduled to start in January 2015 which is expected to take 16 months to complete. The project is expected to cost a total of $16 million (then-year dollars), with cost expected to be incurred at a rate of $1 million per month...
Wednesday, October 8, 2014 at 11:02am

math
Carla Compra borrowed $800 at 14% for one year. She paid a $15 processing fee. The interest paid will be $. Thus, the total finance charge (the interest plus the processing fee) will be $ Therefore, to the nearest tenth, the APR = total finance charge ÷ amount borrowed...
Tuesday, October 7, 2014 at 7:15pm

finance
1.Bill and Warren are thinking about issuing 11 percent coupon bonds that will mature in 15 years. Market interest rates are 13 percent. What could they sell each of the bonds for?
Tuesday, October 7, 2014 at 4:22pm

Finance
An insurance company says you can pay for your life insurance by paying $100 at the beginning of each year or $51.50 at the beginning of each half-year. They say the rate of interest underlying this calculation is j2=3%. What is the true value of j2? The answer in the textbook...
Sunday, October 5, 2014 at 10:02pm

Finance
Interest rates on 2-year Treasury securities are currently 5.00%, while 5-year Treasury securities yield 10.00%. If the pure expectations theory is correct, what does the market believe that 3-year securities will be yielding 2 years from now?
Sunday, October 5, 2014 at 7:32pm

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