Can someone explain the steps for how to get this answer I have provided for the...
Can someone explain the steps for how to get this answer I have provided for the question? Formulas would be appreciated too.
On the following loan, what is the best estimate of the effective borrowing cost if the loan is prepaid in six years?
Loan:$100,000
Interest rate: 7%
Term:180 months
Up-front costs: 7% of loan amount
Answer: 8.7%
Homework Answers
Monthly payment calculation: PV = -100,000; N = 180; rate = 7%/12 = 0.58%, solve for PMT
PMT = 898.83
Now, if the loan is prepaid in 6 years (or 72 months) then the Future Value (FV) of the mortgage needs to be calculated:
PV = -100,000; PMT = 898.83; N = 72; rate = 0.58%, solve for FV. FV = 71,870.17
The actual loan amount is 100,000*(1-7%) = 93,000 so the effective borrowing rate will be the interest paid on 93,000 for 72 months with the FV of 71,870.17.
PV =-93,000; PMT = 898.83; FV = 71,870.17; N = 72, solve for RATE.
Monthly rate = 0.725%, so annual rate (or effective borrowing rate) is 0.725%*12 = 8.70%
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Can someone explain the steps for how to get this answer
I have provided for the...
Leave it if you don’t know how to get the right answer, if the answer is...
Leave it if you don’t know how to get the right answer, if the
answer is right and clear step by step,(thumbs up). If wrong (
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can someone show me how they get the answer of 7 maxima? Coherent microwave light with...
can someone show me how they get the answer of 7 maxima?
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I know the answer is A but can someone show the mechanism steps to get there....
I know the answer is A but can someone show the mechanism
steps to get there. The structure in the 1st step is throwing me
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D E O out of 2 points What is the major isolated organic product of this multistep reaction? 1. AICI: A. 2. Zn(Hg), HCI 3. SOCI2 4. AICI: 3. NaBH4, H20 4. PBr3 5. NaOET 6. 1,3-butadiene B. D. E. none of these or more than one
The answers to these questions are: 19. C) 8.7% 20. B) 0.67 Can someone please show...
The answers to these questions are:
19. C) 8.7%
20. B) 0.67
Can someone please show to get these answers?
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Please explain how to get the answer, if you can use straight line method: A company...
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could someone show me step by step for this such as how to go about/get dy/dx etc. i know the final answer is 4 pi ^2 ab , but I can't seem to get there as no one shows the steps when I attempt i...
could someone show me step by step for this
such as how to go about/get dy/dx etc.
i know the final answer is 4 pi ^2 ab , but I can't seem to get
there as no one shows the steps
when I attempt it I end up with 2pi instead of the correct
4pi
7. (5 points) A torus is obtained by revolving around the y-axis the circle Determine the surface area of this torus
7. (5 points) A...
The correct answer is listed at the bottom. Can someone please explain how to get this...
The correct answer is listed at the bottom. Can someone please
explain how to get this answer?
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Please explain how to get each of the numbers. For example, explain how you get the...
Please explain how to get each of the
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numbers for the amortization schedule and journal entries. Thanks
so much.
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can someone explain how i got this answer pleas, i could not understand pleas explain ,,...
can someone explain how i got this answer pleas, i could
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Can someone please answer this problem with the steps. I want to know if, my answer...
Can someone please answer this problem with the steps. I want to
know if, my answer is right, and how to properly solve the
problem.
The following information relates to a joint product for three products, with a total joint production to $170.000. There are no separable processing costs for any of the three products Sales Value Ictat Solator $284.000 85,980 51,000 Brief Exercise 7-17 [LO 7-6] products using the sale value at spit oft method? What percentage of joint...
Leave it if you don’t know how to get the right answer, if the
answer is right and clear step by step,(thumbs up). If wrong (
thumbs down).
A bank offers a corporate client a choice between borrowing cash at 11% per annum and borrowing gold at 2% per annum. (If gold is borrowed, interest must be repaid in gold. Thus, 200 ounces borrowed today would require 204 ounces to be repaid in one year.) The risk-free interest rate is...
can someone show me how they get the answer of 7 maxima?
Coherent microwave light with a wavelength λ = 1 5cm is incident on a d= 5.0 cm. double slit barrier, producing an interference pattern of a number of maxima and minima. A detector is free to swing around the full 180° in order to find the presence of interference maxima and minima. How many different maxima will this detector detect, as it is allowed to swing around the...
I know the answer is A but can someone show the mechanism
steps to get there. The structure in the 1st step is throwing me
off.
D E O out of 2 points What is the major isolated organic product of this multistep reaction? 1. AICI: A. 2. Zn(Hg), HCI 3. SOCI2 4. AICI: 3. NaBH4, H20 4. PBr3 5. NaOET 6. 1,3-butadiene B. D. E. none of these or more than one
The answers to these questions are:
19. C) 8.7%
20. B) 0.67
Can someone please show to get these answers?
QUESTIONS 16 to 21 Ace Company Balance Sheet at December 31, 2015 ASSETS Current Assets Cash Accounts Receivable 10,000 15,000 Raw Materials Inventory 50,000 40,000 Finished Goods Inventory Total Current Assets Long Term Assets Equipment Accumulated depreciation 150,000 100,000 500,000 250,000 Buildings Accumulated depreciation Land Total Long Term Assets TOTAL ASSETS 100,000 LIABILITIES AND OWNERS' EQUITY Current Liabilities Accounts Payable...
could someone show me step by step for this
such as how to go about/get dy/dx etc.
i know the final answer is 4 pi ^2 ab , but I can't seem to get
there as no one shows the steps
when I attempt it I end up with 2pi instead of the correct
4pi
7. (5 points) A torus is obtained by revolving around the y-axis the circle Determine the surface area of this torus
7. (5 points) A...
The correct answer is listed at the bottom. Can someone please
explain how to get this answer?
The first year of operations for Grayton Company is 2015. Given this information for 2015: Pretax book income Estimated litigation expense $800,000 200,000 100,000 100.000 Excess of tax over book depreciation Interest Income on municipal bonds No other permanent or temporary differences exist. The litigation item will be paid in 2016. The depreciation will reverse evenly over the next three years. Tax rate...
Please explain how to get each of the
numbers. For example, explain how you get the present value of the
bonds using the excel PV function and how you get each of the
numbers for the amortization schedule and journal entries. Thanks
so much.
P14-2IL01,2) Issuance and Redemption of Bonds Venezuela Co. is building a new hockey arena. Information concerning the arena follows. $ $ $ $ 2,500,000 500,000 2,000,000 2,000,000 Cost of arena Down payment received from local businesses...
can someone explain how i got this answer pleas, i could
not understand pleas explain ,, thank you
Pr. 7-161-Accounts receivable assigned Prepare journal entries for Mars Co. for: (a) Accounts receivable in the amount of $500,000 were assigned to Utley Finance Co. by Mars as security for a loan of $425,000. Utley charged a 3% commission on the accounts, the interest rate on the note is 12% (b) During the first month, Mars collected $200,000 on assigned accounts after...
Can someone please answer this problem with the steps. I want to
know if, my answer is right, and how to properly solve the
problem.
The following information relates to a joint product for three products, with a total joint production to $170.000. There are no separable processing costs for any of the three products Sales Value Ictat Solator $284.000 85,980 51,000 Brief Exercise 7-17 [LO 7-6] products using the sale value at spit oft method? What percentage of joint...
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