this example involves the Rule of 78. if you solve this by creating an excel document that would be helpful. I am having trouble calculating r*.
Find the solution as below.
this example involves the Rule of 78. if you solve this by creating an excel document...
Good evening, everyone , may someone answer this engineering economics question on excel spreadsheet? Some years ago, Penny purchased the car of her dreams for $25,000 by paying 20% down at purchase time and taking a $20,000, 5-year, 6% per year, compounded monthly loan with 60 monthly payments of $386.66 each. She is examining her loan situation and would like to have some specific information. Help her obtain the following: a) ) Verification of the current monthly payment amount. b)...
13-19 odd please 13. A $10,000 loan is to be amortized for 10 years with quarterly payments of $334.27. If the interest rate is 6% compounded quarterly, what is the unpaid balance immediately after the sixth payment? 14. A debt of $8000 is to be amortized with 8 equal semi- annual payments of $1288.29. If the interest rate is 12% compounded semiannually, find the unpaid balance immediately after the fifth payment. 15. When Maria Acosta bought a car 2 years...
I really do not understand this... please help with explanations. thank you so much in advance! Paragraph stalled, but first we need to close some apps. Update now 1. All other things equal, how will the following impact the future value: a) increase in the present value, b) decrease in the interest rate, c) increase in the number of time periods. 3 points 2. All other things equal, how will the following impact the present value: a) increase in the...
please help answer these Financial Analysis Exercise #1 You are the newest Financial Analyst in Investments, you need to demonstrate your prowess in Excel, your outstanding written skills and ability to communicate. Mr. Richards is the Executive Vice President and Chief Investment officer in your new firm. You are being asked to complete a series of “pet” projects for Mr. Richards. You have been told not to try to impress him, just do the work and stick to the facts....
Amount $ $ $ $ $ $ 38,000 14,400 50,000 1,200 2,200 0 105,800 Description Gross Income: Salary Alimony received Rental receipts Disability insurance payments Interest income from corporate bonds Interest income from municipal bonds (1) Gross income Deductions for AGI: Expenses for rental property (2) Total for AGI deductions (3) AGI From AGI deductions: Medical expenses State income taxes Charitable contributions (4) Total itemized deductions (5) Standard deduction (6) Greater of itemized deductions or standard deduction (7) Taxable income...
MUST SHOW ALL CELL FORMULAS Required: You need to prepare a comprehensive 12-month budget, including supporting schedules and a report for the period January 1, 2020 to December 31, 2020 for Hedron, Inc. INFORMATION FOR HEDRON, INC. Hedron, Inc. is a company that re-sells one product, a particularly comfortable lawn chair. An overseas contractor makes the product exclusively for Hedron, so Hedron has no manufacturing related costs. PRODUCT COSTS In Nov of 2019, each lawn chair costs Hedron $4 per...
Can someone please tell me what chapters (1-5) these questions are based on? I have already answered the questions and understand how to solve the material, but i want to be able to pinpoint where i can find this info. in the book. I am using Brigham’s Fundamentals of Financial Management (pictures attached). If it is hard to read, please let me know. i will post better pictures. i know the time vale of money stuff already EDIT: HERE IS...
Super stuck on a couple of questions on this scenario. Advanced Scenario 7: Mark and Barbara Matthews Directions Using the tax software, complete the tax retum, including Form 1040 and all appropri- ate forms, schedules, or worksheets. Answer the questions following the scenario. Note: When entering Social Security numbers (SSNS) or Employer identification Numbers (EINS), replace the Xs as directed, or with any four digits of your choice. Interview Notes • Mark and Barbara are married and want to file...
This year Evan graduated from college and took a job as a deliveryman in the city. Evan was paid a salary of $68,500 and he received $700 in hourly pay for part-time work over the weekends. Evan summarized his expenses below: Cost of moving his possessions to the city (125 miles away) Interest paid on accumulated student loans Cost of purchasing a delivery uniform Contribution to State University deliveryman program $1,200 2,840 1,440 1,320 Calculate Evan's AGI and taxable income...