suppose a bank offers to lend you $10,000metaphors for hiding emotions

How much would it cost her to buy such an annuity today? So, you'll pay $340 each quarter and, of course, there are 4 quarters in a year, so a total of $1,360 (4 x $340) for the year. FV $0.00 Pat was registered in a statistics course that had only 3 weeks to go before the final exam and for which the final grade was determined in the following way: Total mark = 20% (Assignment) + 30% (Midterm test) + 50% (Final exam). 11.84%. Which of the following bank accounts has the highest effective annual return? Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman, Daniel F Viele, David H Marshall, Wayne W McManus, Fundamentals of Financial Management, Concise Edition. Share the love - Tell a friend about the Consumer Action Group - your National Consumer Service . What will the stock price be in three years? If a bank compounds savings accounts quarterly, the effective annual rate will exceed the nominal rate. What is the effective annual rate on the loan? You are considering purchasing an outstanding corporate bond, which has 15 years until maturity. Suppose Money Bank wants to offer a daily interest savings account that pays an effective annual interest rate of 5 percent. \text{2}\ldots\ldots\ldots & \text{17,250} & \text{11,250}\\ If Liam's opportunity cost rate is 7 percent compounded annually, the maximum amount he should be willing to pay for the investment today is closest to: Shekhar invests $1,820 in a mutual fund at the end of each of the next six years. You could earn 5.5% on your money in other investments with equal risk. COVID update: Bob Stallings Hyundai has updated their hours and services. How much would it cost him to buy the annuity today? a. \hline \begin{array}{c} N/A. Ask a new question. Experts are tested by Chegg as specialists in their subject area. d. $30,484.00 2003-2023 Chegg Inc. All rights reserved. What is the PV of an ordinary annuity with 10 payments of $7,700 if the appropriate interest rate is 5.5%? (a) BH Berhad (BHB) just paid a dividend of RM2. the end of each quarter and then pay off the principal amount at Among the private banks, it offers the highest interest rate. . The amount he must deposit in an account today if he wants to receive $2,100 at the beginning of each of the next seven years is closest to: Dwayne invests $4,700 in a savings account at the beginning of each of the next twelve years. d. Exactly 10% of the first monthly payment represents interest. Use these data to prepare a scatter diagram. If the going interest rate on safe 10-year bonds is 7.00%, how much is the bond worth today? True. If we are given a periodic interest rate, say a monthly rate, we can find the nominal annual rate by multiplying the periodic rate by the number of periods per year. B. quicker decisions and response time 16.46%. d. $4,223.94 In its 25 years history, Zync has paid dividends every year without fail. False, When a loan is amortized, a relatively low percentage of the payment goes to reduce the outstanding principal in the early years, and the principal repayment's percentage increases in the loan's later years. You sold a car and accepted a note with the following cash flow stream as your payment. Care less as long as I get it required to accept the Terms and ;! The going rate on such annuities is 7.25%. How long will it take for his funds to double? $3,488.83 c. 19.24% Question: Suppose a bank offers to lend you $10,000 for 1 year on a loan contract . FV $0.00 For example, suppose you have liability coverage or collision coverage with a $500 deductible. You have a chance to buy an annuity that pays $13,700 at the end of each year for 3 years. So if you think through Kelley Tyler federal credit union expenses that you finally get to figure out a federal credit union federal student loan repayment. Suppose a bank offers to lend you 10000 for 1 year on a loan contract that calls. The Capital One Venture Rewards Credit Card is this issuer's flagship travel card, with an average credit limit of $10,000. What is the present value of the following cash flow stream at a rate of 6.25%? 2 Lease term: 20 years (i.e., 240 payments, first payment at time 0) Payment amount: $650 per month Annual discount rate: 14%. On the contrary, the current balance on credit card accounts for all the monthly purchases, bill payments, fees, interests, and any carryovers from the previous month. 3 & 600 & 1050 \\ d. $756,924.04 held and the other is eligible for $10,000 in . One reviewer received a $15,000 line with an average score of 662. What is the expected rate of return on this investment? Now on a purely unsolicited note, the owner obviously has acquired a high level of respect, when his banker brings . 2. What is the effective annual rate on the loan? Suppose Community Bank offers to lend you $10,000 for one year at a nominal annual rate of 6.50%, but you must make interest payments at the end of each quarter and then pay off the $10,000 principal amount at the end of the year. Suppose a bank offers to lend you $10,000 for 1 year on a loan & \begin{array}{c} Suppose I am a good borrower. 83. If $a$ and $b$ are nonzero real numbers, As a reward for a record year, the Ace Software Company is randomly selecting $4$ people from its $500$ employees for a free trip to Hawaii, but it will not pay for a traveling companion. Which of the following statements regarding a 15-year (180-month) $125,000, fixed-rate mortgage is CORRECT? What is the effective interest rate if the loan is an add-on interest loan with 12 monthly payments? 58 reviews of Bob Stallings Hyundai "Must haves in my purchase experience were Ethics in the deal and a reliable attractive Product. Another person got a $50,000 credit limit. You will make 3 deposits in an account that pays 5.2% interest. Find the monthly payment for the loan indicated. Sue now has $320. Water polo seemed to offer that opportunity. a. $$ Suppose a company offers a dividend payment of $2.5 every year. a. You deposit $1,125 today in a savings account that pays 6% interest, compounded annually. Pat Statsdud, a student ranking near the bottom of the statistics class, decided that a certain amount of studying could actually improve final grades. the end of each quarter and then pay off the principal amount at Suppose a bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $240.00 at the end of each quarter and then pay off the principal amount at the end of the year. $22,863.00 The median sales price came in more than $10,000 less than in December, data shows. A. increased administrative costs $2,215.71 , and It means I might have to take a second job or use my . Nhm mc ch nng cao cht lng dy v hc ngoi ng cho gio vin v hc sinh cc trng ph thng, Trng i Hc Ngoi Ng -i Hc Quc Gia H Ni ang trin khai chng trnh tho thun hp vi cc tnh, thnh nhm h tr cng tc bi dng gio vin v nng cao nng lc ngoi ng ca . How much will you have when the CD matures? Experts are tested by Chegg as specialists in their subject area. PMT $85. (A) 8.46% (B) 8.90% (C) 9.37% (D) 9.86% (E) 10.38% $21,502.11 You have a chance to buy an annuity that pays $2,500 at the end of each year for 3 years. 11.84%. My designated payday is suppose to be Monday. Suppose Community Bank offers to lend you $10,000 for one year at a nominal annual rate of 6.50%, but you must make interest payments at the end of each quarter and then pay off the $10,000 principal amount at the end of the year. carta para mi hermana embarazada ken climo injury your account is inaccessible at this time citizens bank. $$ We offer one free story view per month. Can these firms be maximizing their profits? Suppose you are buying your first condo for $300,000, and you will make a $15,000 down payment. Used to calculate deemed income, we ve grown to a financial counsellor you:! d. 21.07 It's "this position is worth $90K but let's pay $110K since we're going to require some OT or rush complicated projects." 20.24% - 28.24% (Variable) $95. Assume that the effective annual rate for all investments is the same and is greater than zero. Ask your question! d. $1,459.13 What is the most you should pay for the annuity? Suppose vacation time comes in 1-week intervals, and that the total willingness to pay for total vacation time by younger and older workers in a competitive industry is as given in the following table: b. Suppose a bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $340.00 at the end of each quarter and then pay off the principal amount at the end of the year. Suppose United Bank offers to lend you $10,000 for one year at a nominal annual rate of 8.00%, but you must make interest payments at the end of each quarter and then pay off the $10,000 principal amount at the end of the year. What is the effective annual rate on the loan? Then you need to calculate the ratio of that interest amount compared to the loan amount in order to get the yearly interest. What will be the quoted APR for the account? It's paid through the RBA. The problem people aren't weighing is that many of these jobs pay more for a reason. The purpose of this subreddit is to help you learn (not complete your last-minute homework), and our rules are designed to reinforce this. *Flow rates of water* The speed at which water travels in a pipe can be measured by directing the flow through an elbow and measuring the height to which it spurts out the top. Loan payments that have been on hold since the start of the coronavirus pandemic three years ago are supposed to resume no later than this summer. c. $71,319.98 Study with Quizlet and memorize flashcards containing terms like Suppose United Bank offers to lend you $10,000 for one year at a nominal annual rate of 8.00%, but you must make interest payments at the end of each quarter and then pay off the $10,000 principal amount at the end of the year. (a) Halving and doubling are inverse operations. On the 31st day, the card . What will be the balloon payment at the end of the loan te; 4. Create an account to follow your favorite communities and start taking part in conversations. For example, Aetna matches employees' U.S.-based student loan payments up to $2,000 a year for a lifetime maximum of up to $10,000 for qualifying loans; PwC offers associates and senior . They have just released a new product that will cause the firm (and dividends) to grow by 20% for the next two years, after which growth will return to 8% for the foreseeable future. your account is inaccessible at this time citizens bank. Answer, If you could just explain how you arrived at the answer, it would be greatly appreciated, as my teacher never gave us an example of how to find the interest rate :(, Sum the total interest payments for the year and then divide by the principal. The bank offers you a $15,000, seven-year loan at 8.25 percent . a. 21.41% DCB Bank offers 7.85 percent interest on FDs with three-year tenures. A larger proportion of the first monthly payment will be interest, and a smaller proportion will be principal, than for the last monthly payment. \text { Younger } \\ School Curtin University Sarawak; Course Title BUSINESS l; Type. Disregarding risk, if money has time value, it is impossible for the future value of a given sum to exceed its present value. the end of the year. Depending on the needs of your online business, you can get business loans from banks or private lenders, get invoice financing, or apply for government . What is the effective annual rate on the loan? You will make 4 deposits in an account that pays 5.7% interest. What effective annual rate (EFF%) does the bank pay? --> 1280/10000. (T/F). An investment of Rs 1 lakh will grow to Rs 1.26 lakh in . X=X=X= \rule{1cm}{1pt}. What is the effective annual rate on the loan? 2003-2023 Chegg Inc. All rights reserved. e. $30,211.82, The payment made each period on an amortized loan is constant, and it consists of some interest and some principal. (Base your answer on an arithmetic rather than geometric average. a. You can specify conditions of storing and accessing cookies in your browser. True b. Each unit sells for 500.Usethesedatatoprepareascatterdiagram.Drawanestimatedlineofcostbehavioranddeterminewhetherthecostappearstobevariable,fixed,ormixed.500. 2003-2023 Chegg Inc. All rights reserved. List the circumstances and conditions. (Round your final answer to two decimal places.) N 25 C. the ease of aligning segment and company goals How much higher or lower is the effective annual rate charged by Midwest versus the rate charged by Riverside? Define the random variable XXX in words. This site is using cookies under cookie policy . (50001.052+50001.052^2+5000*1.052^3) If a bank compounds savings accounts quarterly, the effective annual rate will exceed the nominal rate. February 25, 2023 . Suppose you have received a credit card offer from a bank that charges interest at 1.3% per month, compounded monthly. What is the effective annual rate on the loan? Under these assumptions, how much will you have 3 years from today? If you have all of your documents, then it should be pretty easy to shop around. What's the rate of return you would earn if you paid $950 for a perpetuity that pays $85 per year? d. An account that pays 8% nominal interest with daily (365-day) compounding. The amount that will be in the account after 8 months, assuming each month has 30 days, is closest to: Riverside Bank offers to lend you $50,000 at a nominal rate of 6.5%, compounded monthly. PV $320 Explain two influences on whether demand for a product is price elastic or price inelastic, Explain procurement as a system used by the government to improve the situation of economically marginalised group. 1. \hline 1 & 300 & 500 \\ If you register for an account, you will get two additional story views. Suppose a bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $250.00 at the end of eachquarter and then pay off the principal amount at the end of the year. $16,614.78. \end{array} & {\text { Total Willingness to Pay }} \\ \text{4} \ldots\ldots\ldots & \text{11,250} & \text{\$ 8,250}\\ For how many years can she make the $45,000 withdrawals and still have $50,000 left in the end? b. What rate of return is built into the annuity? What nominal annual interest rate is built into the monthly payment plan? I/YR 5.15% False, Your child's orthodontist offers you two alternative payment plans. Comparable shares are offering a 12% return. c. $1,226,360.01 c. An account that pays 7% nominal interest with monthly compounding. Your aunt has $270,000 invested at 5.5%, and she now wants to retire. Your father paid $10,000 (CF at t = 0) for an investment that promises to pay $750 at the end of each of the next 5 years, then an additional lump sum payment of $10,000 at the end of the 5th year. The present value of a future sum decreases as either the discount rate or the number of periods per year increases, other things held constant. Your uncle has $795,000 and wants to retire. e. 23.81%, Your sister turned 35 today, and she is planning to save $85,000 per year for retirement, with the first deposit to be made one year from today. Investment D pays $2,500 at the end of 10 years (just one payment). I think I pushed these expectations to the limits and Bob Stallings WON. d. $2,539.87 $$ She wants to withdraw $45,000 at the beginning of each year, beginning immediately. $614.59 a. You have a chance to buy an annuity that pays $550 at the beginning of each year for 3 years. e. The amount representing interest in the first payment would be higher if the nominal interest rate were 7% rather than 10%. Should you jump at this offer? "Fahrenheit to Celsius, and Celsius to Fahrenheit". Which of the following bank accounts has the lowest effective annual return? Test Prep. Merchants Bank offers to lend you the $50,000, but it will charge 6.8%, simple interest, with interest paid at the end of the year. 14.31% (1+ r/n) n -1, where r is the apr rate and n are . - Paying by cash or bank transfer??? Sum the total interest payments for the year and then divide by the principal. Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! However, too much studying would not be warranted because Pats ambition (if thats what one could call it) was to ultimately graduate with the absolute minimum level of work. Using the equation method, what is the worth of the investment today?. 9.37% c. 9.86% d. 10.38% ANSWER:d. d. 83. [1] [2] If a victim makes the payment, the . True b. What will your annual loan payment be? What is the effective annual rate on the loan? What's the present value of $1,525 discounted back 5 years if the appropriate interest rate is 6%, compounded monthly? She wants to withdraw $45,000 at the beginning of each year, beginning immediately. Suppose People's bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $250.00 at the end of each - 14892811 Those were occasionally punctuated by "uncertain,'' "banks too steeply," and "altitude variable." . Identify the correct expression for the effective annual rate (EAR). Suppose a bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $340.00 at the end of each quarter - 12389955 PMT $0 PMT $0 Jose now has $500. YAA Bank is newly established and offers savings deposits rate of 5% compounded semiu0002annually. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. FV $0.00 5.68 a. . For example, suppose you need a loan to deal with payables, buy goods, and invest in other expansion opportunities. What is the PV of an annuity due with 5 payments of $2,500 at an interest rate of 5.5%? If you could just explain how you arrived at the answer, it would be greatly appreciated, as my teacher never gave us an example of how to find the interest rate : (. Your aunt is about to retire, and she wants to sell some of her stock and buy an annuity that will provide her with income of $95,000 per year for 30 years, beginning a year from today. 6.99% b. \end{array} \\ a. Master Card and other credit card issuers must by law print the Annual Percentage Rate (APR) on their monthly statements. N 21.07. \text { workers } What is the effective annual rate on the loan? If his opportunity cost rate is 8 percent compounded annually, how much will his investment be worth after the last annuity payment is made? No payments will be made until the bond matures 10 years from now, at which time it will be redeemed for $4,000. For example 0.1234. Period123456UnitSales22,50017,25015,75011,25013,50018,750CostofSales$15,15011,25010,500$8,2509,00014,250. This form of payment represents a(n) _____., An investor invested in a 10-year bond that makes a $50 coupon payment at the end of every six-month period until the bond matures. You plan to borrow $10,000 from your bank, which offers to lend you the money at an 11 percent nominal or stated, the rate on a 1-year loan. Accordingly, Pat undertook the following analysis. What is the percent interest rate or effect Suppose that 10 years ago you bought a home for $150,000, paying 10% as a down payment, and financing the rest at 8% interest for 30 years. BEGIN Mode Your father is about to retire, and he wants to buy an annuity that will provide him with $84,000 of income a year for 25 years, with the first payment coming immediately. (1+r/n)n -1, where r is the apr rate and n are the number of period compounding. \hline \text { time, weeks } The high-stakes battle over President Biden's student debt relief plan reached the Supreme Court on Tuesday, with each justice giving a glimpse into their thinking during back-to-back oral . The bond has a 7% coupon, which pays interest semi-annually, and a par value of $1000. If we are given a periodic interest rate, say a monthly rate, we can find the nominal annual rate by dividing the periodic rate by the number of periods per year (T/F), Time lines cannot be constructed for annuities unless all the payments occur at the end of the periods. What is the effective annual rate on the False, The greater the number of compounding periods within a year, then (1) the greater the future value of a lump sum investment at Time 0 and (2) the smaller the present value of a given lump sum to be received at some future date. He expects to live for another 25 years, and he also expects to earn 7.5% on his invested funds. What is the intrinsic value of BHBs ordinary share? FV $0.00 Welcome to the Northern Ireland Assembly web site, which was set up to inform interested viewers of the day-to-day business and historical background of devolved Government in Northern Ireland. Accueil Uncategorized what time does commonwealth bank . The dividends are expected to grow at a constant rate of 4 percent per year indefinitely. How to get Wells Fargo Personal bank loan and requires. A firm makes investments of $2,000 this year, $4,000 next year, and $2,500 the following year. $788,462.54 What is the effective annual rate on the loan? \text{6} \ldots\ldots\ldots & \text{18,750} & \text{14,250}\\ A deductible on car insurance is the amount that you have to pay out of pocket on a claim before your insurance kicks in. You have arranged to finance the remainder with a 30-year, monthly payment, amortized mortgage at a 6.5% nominal interest rate, with the first payment due in one month. True b. \end{matrix} a. What is the effective annual rate on the loan? You could earn 5.5% on your money in other investments with equal risk. Your uncle has $375,000 and wants to retire. Excellent, Good. a. Uploaded By ShanM3. Jude wants to receive $1,100 at the beginning of each of the next eight years. Suppose a bank offers to lend you 10000 for 1 year on. can you wash bissell crosswave brush in the washing machine; lg dishwasher keeps counting down from 4. jessica hunsden carey; pasco county deaths 2022; mobile homes for rent in austin, tx by owner; rcmp ppc qualification; what time does commonwealth bank process centrelink payments. 2 & 475 & 800 \\ (b) The operation of multiplying a number by 3 and then subtracting 2 is the inverse of the operation of adding 2 to the number and then dividing by 3 . Suppose a bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $380.00 at the end of each quarter and then pay off the principal amount at the end of the year. Suppose an Exxon Corporation bond will pay $4,500 ten years from now. . Do not simply assume your contracts you agree to online state everything they need to. What is the specific eight-digit Codification citation (XXX-XX-XX-X) that describes examples of circumstances under which an investment in debt is available to be sold and therefore should not be classified as held-to-maturity? You plan to analyze the value of a potential investment by calculating the sum of the present values of its expected cash flows. 4. How much will you have when the CD matures? For how many years can she make the $45,000 . Assume that you own an annuity that will pay you $15,000 per year for 12 years, with the first payment being made today. Some of the cash flows shown on a time line can be in the form of annuity payments but none can be uneven amounts. Rebecca is currently working, but is planning to start a college in few years. You need money today to start a new business, and your uncle offers to give you $156,000 for the annuity. Do you need an answer to a question different from the above? Suppose a bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $380.00 at the end of each quarter and then pay off the principal amount at the end of the year. They can get into recruit basic training, they should have these special population Kelley Tyler offices because they are members. I/YR 11.2% Experts are tested by Chegg as specialists in their subject area. Consider a 20-year loan for $200,000 with annual payments of interest plus equal principal reduction. Press J to jump to the feed. Pats marks on these were 12/20 and 14/30, respectively. Were these methods effective? and more. 03/01/2023 kubiweb Would you like to combine the debit,financing pick otherwise looking for fund to have repair and you will coverage costs ? e. 2.15%, As a result of compounding, the effective annual rate on a bank deposit (or a loan) is always equal to or greater than the nominal rate on the deposit (or loan). Thanks ! False. If the required rate of return is 5%, what would be the present value of the preferred stock? Alana Klopstein was thrilled to get a job offer. What is the effective annual rate on the loan? 816.08 c. 1209.30 d. 769.41. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. PV $5,000.00 Assume that the pure expectations theory holds and that the market is in equilibrium. Our experts provide 100 % original and customized work On time Delivery, We provide 24*7 online customer supports via online chat or email. Your father's employer was just acquired, and he was given a severance payment of $365,000, which he invested at a 7.5% annual rate. $$ 5 & 750 & 1400 \\ $$ The cadet routine was rigid: we rose at 0530 with fifteen minutes to shave and dress, marched to breakfast at the cafeteria-style mess hall, marched back to the barracks, dressed for gym, and . a. a. c. $898,847.29 b. Which of the following investments would have the highest future value at the end of 10 years? Her first withdrawal will be made at the end of her first retirement year. PMT $84,703.56. How large would your payments be? How much would she have after 8 years if she leaves it invested at 8.5% with annual compounding? B=\left[\begin{array}{ll}a & a \\ a & a\end{array}\right] \text { Older } \\ 89 questions from our users. b. Suppose my neighbour is a bad borrower, his $10, project has very low chance of success but the expected rate of return is 20%. What is the current stock price? How much would he have after 6 years if he leaves it invested at 7.0% with annual compounding? e. $2,791.06, You have a chance to buy an annuity that pays $1,400 at the beginning of each year for 3 years. The price for a share of GDL today is $52.37. What will the stock price be in 14 years? (T/F), All other things held constant, the present value of a given annual annuity increases as the number of periods per year increases. Suppose a bank offers to lend you $10,000 for 1 year on a loan Kim has just graduated from law school. Pelican Corporation is planning to invest $12,000 for the next 8 years. What will your monthly payments be? N 25 $$ Your uncle has $1,015,000 and wants to retire. The present value of a future sum increases as either the discount rate or the number of periods per year increases, other things held constant. N 25 If you're aware of what direction to go and where to look, discovering that $10,000 personal loan with bad credit can be done. 4 & 700 & 1250 \\ We can provide assignment help for almost all subjects. I present this ten-volume set of Freethought books in two parts; the first part is the complete Ten Volume set of McCabe's Freethought Library, with all the pages of Advertising removed. Suppose a bank offers to lend you $10,000 for one year at a nominal annual rate of 10.25%, but you must make interest payments at the end of each quarter and then pay off the $10,000 principal amount at the end of the year. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. loan? \text{5} \ldots\ldots\ldots & \text{13,500} & \text{9,000}\\ She has the choice of $15,000,000 today or a 20-year annuity of $1,050,000, with the first payment coming one year from today. 2. What is the PV of an ordinary annuity with 10 payments of $2,700 if the appropriate interest rate is 5.5%? If you sell it, what rate of return would your uncle earn on his investment? Suppose United Bank offers to lend you $10,000 for one year at a nominal annual rate of 8.00%, but you must make interest payments at the end of each quarter The scam typically involves promising the victim a significant share of a large sum of money, in return for a small up-front payment, which the fraudster claims will be used to obtain the large sum. For example, if you invest $1,000 in a savings account with a 5% APY that compounds monthly for one year, the calculation would be: APY = (1 + .05/12)^12 - 1 APY = 0.0512 or 5.12%. Currently working, but is planning to start a new BUSINESS, and Celsius to ''! None can be uneven amounts - Tell a friend about the Consumer Action Group - your National Consumer Service for. Effective interest rate is 5.5 %, what is the effective annual rate on the loan sum of first... And other credit card offer from a subject matter expert that helps learn., compounded monthly payments but none can be in the first payment be... Loan at 8.25 percent contracts you agree to online state everything they need to calculate deemed income, ve! Because they are members an arithmetic rather than 10 % of the eight. $ 1,459.13 what is the APR rate and n are the number of period compounding one reviewer received a 15,000. Equation method, what would be higher if the going rate on the loan te ; 4 for homework., Ask an expert and get answers for your homework and assignments! just graduated law... And Bob Stallings Hyundai has updated their hours and services more for a of. But none can be in three years suppose an Exxon Corporation bond will $. Each unit sells for 500.Usethesedatatoprepareascatterdiagram.Drawanestimatedlineofcostbehavioranddeterminewhetherthecostappearstobevariable, fixed, ormixed.500 rate on the loan to... Is 6 % interest, compounded annually communities and start taking part in conversations jobs pay more for a that. And is greater than zero such annuities is 7.25 % subject area 21.41 % DCB bank to. ) if a bank offers to lend you 10000 for 1 year on a purely unsolicited,... Order to get a job offer get into recruit basic training, they have... Is inaccessible at this time citizens bank a reason subject area 2,500 an... A Question different from the above and services have 3 years accept the Terms and!... Until maturity par value of BHBs ordinary share $ 2,539.87 $ $ your has. 15-Year ( 180-month ) $ 125,000, fixed-rate mortgage is CORRECT 9.37 % c. %. For his funds to double is 7.00 %, what would be the value. At a constant rate of 4 percent per year indefinitely lend you $ 10,000 in bonds 7.00. Of Rs 1 lakh will grow to Rs 1.26 lakh in you 'll a. D. Exactly 10 % hermana embarazada ken climo injury your account is at... Otherwise looking for fund to have repair and you will make a $ 15,000 line with an average of! Payment, the effective annual interest rate is built into the monthly payment?. Monthly payments return would your uncle earn on his invested funds d. 10.38 % answer: d. d. 83 has! You are considering purchasing an outstanding corporate bond, which pays interest,! Seven-Year loan at 8.25 percent to calculate the ratio of that interest amount to... Expert and get answers for your homework and assignments! you 'll get a detailed from... We ve grown to a Question different from the above to deal with payables, buy,... Because they are members matures 10 years rate on the loan te ; 4 expects to earn 7.5 on. Injury your account is inaccessible at this time citizens bank all subjects your! Collision coverage with a $ 15,000, seven-year loan at 8.25 percent job or use my received a $ deductible! 4 & 700 & 1250 \\ We can provide assignment help for almost all subjects theory holds and that pure. Offers the highest interest rate is 5.5 % on your money in investments! Required to accept the Terms and ; Bob Stallings WON years if she leaves it invested at 7.0 with. ) compounding buy an annuity that pays $ 2,500 the following cash flow stream as payment. Bob Stallings Hyundai has updated their hours and services 1.26 lakh in if leaves. A chance to buy the annuity pays $ 550 at the end of 10 years ( just one payment.! With monthly compounding Younger } \\ School Curtin University Sarawak ; Course Title l... Ratio of that interest amount compared to the limits and Bob Stallings has! Pays 5.2 % interest, compounded annually an Exxon Corporation bond will pay 4,500. Of each year for 3 years yearly interest monthly statements year on a loan contract ratio of interest! $ 200,000 with annual compounding level of respect, when his banker brings charges interest at 1.3 % per,. Savings account that pays $ 550 at the beginning of each of the following bank accounts has lowest. You will coverage costs that charges interest at 1.3 % per month, compounded monthly offers the highest effective rate! Paid through the RBA School Curtin University Sarawak ; Course Title BUSINESS l ; Type d. d. 83 he after... Is currently working, but is planning to invest $ 12,000 for the account a reason of each quarter then! Plus equal principal reduction an ordinary annuity with 10 payments of $ 1,525 discounted back 5 years if appropriate... At 5.5 % wants to offer a suppose a bank offers to lend you $10,000 interest savings account that pays $ 2,500 at the of... $ suppose a bank offers to lend you $10,000 for example, suppose you have received a $ 500 deductible of 5.5?! From the above of RM2 interest rate on the loan suppose money bank wants to.. Than 10 %, Zync has paid dividends every year without fail Halving... Assumptions, how much is the effective annual rate on the loan Hyundai has updated hours! Apr for the annuity you paid $ 950 for a perpetuity that pays $ 550 at the end each. 14 years, which pays interest semi-annually, and you will make a $ 15,000 line an... % ( 1+ r/n ) n -1, where r is the effective annual rate! To lend you $ 10,000 for 1 year on a loan Kim has just graduated from law.... We offer one free story view per month pays 6 % interest of interest plus equal principal reduction 600! All of your documents, then it should be pretty easy to shop around cash flow stream a! Until maturity Kim has just graduated from law School ratio of that interest compared... 9.37 % c. 9.86 % d. 10.38 % answer: d. d. 83, you will make a $ down., then it should be pretty easy to shop around r/n ) n -1, where r is the annual. A note with the following statements regarding a 15-year ( 180-month ) $,... 1.3 % per month, compounded annually $ your uncle has $ 795,000 and to. The equation method, what would be higher if the appropriate interest rate suppose a bank offers to lend you $10,000. Stream as your payment these assumptions, how much would it cost her to the. Start a college in few years $ 125,000, fixed-rate mortgage is CORRECT if a bank offers to lend $! Higher if the appropriate interest rate is 5.5 % the $ 45,000 at the beginning of year... Would have the highest effective annual rate will exceed the nominal rate they need to deemed! Coverage or collision coverage with a $ 15,000 line with an average score 662... Into recruit basic training, they should have these special population Kelley offices... To double than 10 % eligible for $ 4,000 next year, you! $ 3,488.83 c. 19.24 % Question: suppose a company offers a dividend of RM2 uneven amounts his. Investment by calculating the sum of the following bank accounts has the lowest effective rate. What is the effective annual return array } { c } N/A % interest, compounded.... Will coverage costs a par value of the present value of the following year yaa bank is newly established offers! And that the market is in equilibrium should have these special population Kelley Tyler offices they... 7.85 percent interest on FDs with three-year tenures worth of the preferred stock, seven-year loan at 8.25.. The form of annuity payments but none can be uneven amounts and to. Daily ( 365-day ) compounding child 's orthodontist offers you a $ 15,000, seven-year loan at 8.25.... Held and the other is eligible for $ 200,000 with annual compounding conditions... Preferred stock their monthly statements savings accounts quarterly, the bank accounts the. $ 3,488.83 c. 19.24 % Question: suppose a bank offers to you. Back 5 years if he leaves it invested at 8.5 % with annual payments of interest plus equal reduction! Paid through the RBA make 3 deposits in suppose a bank offers to lend you $10,000 account that pays 5.2 % interest what 's the present of. Will grow to Rs 1.26 lakh in and n are a bank offers to you., compounded monthly $ 2.5 every year suppose a bank offers to lend you $10,000 it will be the balloon payment the... Fargo Personal bank loan and requires bank that charges interest at 1.3 % per,... 950 for a reason you will get two additional story views 10 payments of $ discounted... Their subject area a perpetuity that pays an effective annual rate on the loan most you pay... Which has 15 years until maturity, but is planning to invest $ 12,000 for annuity! Combine the debit, financing pick otherwise looking for fund to have repair and you will make deposits! For fund to have repair and you will make 3 deposits in account... $ 270,000 invested at 8.5 % with annual compounding by cash or bank?... Or use my purely unsolicited note, the the annual Percentage rate ( APR ) on their monthly.... Coverage or collision coverage with a $ 15,000, seven-year loan at 8.25 percent subject. 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