Determining the loan amortization
A commercial bank is willing to make you a loan of $10,000. The bank wants a 12 percent interest rate and requires five equal annual payments to repay both interest and principal. What will be the dollar amount of the annual payment?
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In an efficient market, the market price is defined to be an unbiased estimate of the true value. This implies that (a) the market price is always equal to true value.
You have applied for a home mortgage of $75,000 to finance the purchase of a new home for 30 years. The bank requires a 14 percent interest rate. What will be the annual payment?
ROI for an investment center. An outpatient clinic invests $2,300,000. The desired ROI is 12 percent. In the first year the revenues are $750,000 and expenses are $370,000. Does the clinic meet its ROI requirement that year?
ROI for an investment center. A new cardiac catheterization lab was constructed at Havea Heart Hospital. The investment for the lab was $450,000 in equipment costs and $50,000 in renovation costs.
Assume that you are valuing an Indonesian firm in US dollars. What would you use as the riskless rate?
Set up an amortization schedule for a $5,000 loan to be repaid in equal installments at the end of each of the next 3 years. The interest rate is 15 percent.
Tracey is a sales representative for a national pharmaceutical company. She has a rather large sales territory, and she makes her rounds to her customers using a company-owned car over a 16- to 19-hour period of time.
Suppose that a company borrows $20,000 for 1 year at a stated rate of interest of 9 percent. What is the annual percentage rate (APR) if interest is paid to the lender (a) annually? (b) semiannually? (c) quarterly?
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Explain the risks of not reporting the results of your forensic assessment findings accurately. Provide specific examples.
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