Wednesday
April 1, 2015

Homework Help: Business Finance

Posted by Karla on Thursday, March 1, 2012 at 2:06am.

Assume a bank loan requires a interest payment of $85 per year and a principal payment of $1,000 at the end of the loan's eight-year life.
a) How much could this loan be sold for to another bank if loans of similar quality carried a 8.5 percent interest rate?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Finance - Sutton Corporation, which has a zero tax rate due to tax loss carry-...
business finance - You have saved $15,000 for down payment on a car costing $55,...
Business Math - Jeanna wants to buy a new boat for her family. She has two ...
Maths - Amortization of a $1000 Loan Interest Monthly payment rate 15yr 20yr ...
finance - For a $13,000 student loan with a 6% APR, how much of the payment will...
Maths Check - Can Please someone check as per below I posted this yesterday and ...
MATH - Five years ago, you bought a house for $151,000, with a down payment of $...
FIN - After 12 months of making extra payments, what will be the loan balance? ...
business math - financing furniture that costs $4200.00 with a two year ...
math - Jeanna wants to buy a new boat for her family. She has two payment ...

Members