You are looking at a one-year loan of 15500 the interest, Financial Management

+44 141 628 6080
[email protected]

You are looking at a one-year loan of 15500 the interest

You are looking at a one-year loan of $15,500. The interest rate is quoted as 8.9 percent plus four points. A point on a loan is simply 1 percent (one percentage point) of the loan amount. Quotes similar to this one are common with home mortgages. The interest rate quotation in this example requires the borrower to pay four points to the lender up front and repay the loan later with 8.9 percent interest.

What rate would you actually be paying here?

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Financial Management: You are looking at a one-year loan of 15500 the interest

Reference No:- TGS01243950

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

Investigate the cause of the recent werewolf attacks

create a temporary committee to investigate the cause of the recent werewolf attacks in major cities throughout the United States.

Describe marxist theory and psychology of addiction

Compare the Marxist Theory and Psychology of Addiction with the Realistic Theory and psychology of Addition.

Explain framers decisions in creating the constitution

Explain how the Articles of Confederation made the above scenario possible. Describe how this scenario influenced the framers' decisions in creating the Constit

Federal bureaucracy has to put up with a lot of red tape

Question: The Federal Bureaucracy has to put up with a lot of "red tape". What is "red tape" in regards to government?

What power of recognition when it comes to office president

Question: What is "power of recognition" when it comes to the office of the president? Question Select one

What right ordinance power give to the president

Question: What right does the Ordinance Power give to the president? Question Select one:

Analyze leadership of organization during particular event

Analyze leadership of an organization during a particular event or across a defined set of events. The assignment will assess your ability to identify

Request for Solution File

Ask an Expert for Answer!!

Financial Management: You are looking at a one-year loan of 15500 the interest

Reference No:- TGS01243950

Have a Question? (oR Write a Review)

Recent Questions Asked Financial Management

Q : Give mathematical expression to calculate the number of

Q : Choose two different body systems that have been covered so

Q : Performance evaluation of a portfolio is difficult what

Q : Calculate overhead allocation rates based on direct labor

Q : You are looking at a one-year loan of 15500 the interest

Q : Give a brief description discuss the cause and pathogenesis

Q : Digital measurements of millions of trees indicate that

Q : A solution which is 319x10 to the -3 m in an acid ha and

Q : This question illustrates what is known as discount