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You deposit $2,500 in a savings account at a bank that has a rate of 6% compounded daily. Find the amount of money in the account after 9 years. (Assume there are 365 days in a year.)
If Mia can afford car payments of $260 per month for 5 years, what is the price of a car that she can afford now? Assume an interest rate of 7.8 percent, and that the loan is amortized.
You have taken an amortized loan at 8.7% for 6 years to pay off your new car, which costs $12,000. After 5 years of monthly payments of $214.52, you decide to pay off the loan. Find the unpaid balan
Griff's property tax is $670.64 and is due April 10. He does not pay until June 21. The county adds a penalty of 7.5% simple interest on unpaid tax. Find the penalty Griff will pay. (Assume there ar
Paul is buying a new boat for $11,000. The dealer gives him an add-on loan, charging him an annual interest rate of 9.1%. If he takes a 6-year loan, what will Paul's monthly payments be?
Your monthly payments are $62.28. If $22.50 of the first payment goes toward interest and $39.78 of the first payment goes toward the principal, what is the unpaid balance after the first payment?
The effect of the portfolio on risk of a security
Interest rates have dropped and the owner wants to refinance the unpaid balance by signing a new 30-year mortgage at 6% compounded monthly. How much interest will refinancing save? Round to the near
The sales price is estimated at $750 per unit, give or take 2 percent. What is the contribution margin per unit under the worst case scenario?
The monthly payments on a $73,000 loan at 13% annual interest are $807.38. How much of the first monthly payment will go toward the principal? Do not round until the final answer. Then, round to the
Paula took out a 25-year mortgage for $130,000 for her home at an annual interest rate of 8%. She decided to refinance after 5 years. Find the unpaid balance of the loan. (Do not round until the fin
The required rate of return is 15 percent and the tax rate is 28 percent. What is the net income from this proposed project? Please show all work - thanks.
You would like to have $1,000,000 in 33 years by making regular deposits at the end of each month in an annuity that pays 7% compounded monthly. Determine the deposit at the end of each month.
If the company has 30 million shares of stock outstanding, what is the best estimate of the stock's price per share? show work please.
If the weighted average cost of capital is 14%, what is the firm's value of operations, in millions?
Explain how activity-based costing differs from the full costing method. How can activity-based costing be applied to the service sector when the 'activities' that it seeks to analyse tend to be relat
Other equipment costing $514,000 will also be required. What is the amount of the initial cash flow for this expansion project? please show all work thanks!
The firm will not be issuing any new common stock. What is Quigley's WACC?
Financial analysis with the cash flow needed.
Bumpas Enterprises purchases $4,562,500 in goods per year from its sole supplier on terms of 2/15, net 50. If the firm chooses to pay on time but does not take the discount, what is the effective an
Desai Inc. has the following data, in thousands. Assuming a 365-day year, what is the firm's cash conversion cycle?
The sales price is estimated at $750 per unit, plus or minus 2 percent. What is the sales revenue under the worst case scenario?
If she pays off the loan in 36 months, what are her monthly payments? If she makes a down payment of $220, how much will her monthly payments be? Do not round until the final answer. Then, round to
The Coffee Express has computed its fixed costs to be $0.34 for every cup of coffee it sells given annual sales of 212,000 cups. The sales price is $1.49 per cup while the variable cost per cup is $
Compute the monthly payments for an add-on interest loan of $7,000, with an annual interest rate of 9 percent and a term of 1 year. Round to the nearest cent as needed.