we use present value of annuity formulae to find this
PV=Pmt*[1-((1+r)^-n)]/r
a)pays monthly 400 till 9 years so total 9*12=108 payments of 6.75%
interest compounded monthly
=400*((1-(1+(6.75%/12))^-108)/(6.75%/12)
=32310
Kyrie can aford to borrow s Round te final answer to the nearest dolwr)
Canliss Mining Company borrowed money from a local bank. The note the company signed requires five annual installment payments of $15,000 beginning immediately. The interest rate on the note is 9 %. (FV of $1, PV of $1, FVA of $1, PVA of $1. FVAD of $1 and PVAD of $1 ) (Use appropriate factor(s) from the tables provided.)What amount did Canliss borrow? (Round your final answers to nearest whole dollar amount.
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Solve the triangle 570 a=10 61 B c A= (Do not round until the final answer. Then round to the nearest degree as needed.) be (Do not round until the final answer. Then round to the nearest tenth as needed.) cz (Do not round until the final answer. Then round to the nearest tenth as needed)
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Wolfgang can borrow at 12.5 percent. The company currently has no debt, and the cost of equity is 16 percent. The current value of the fim is $682,000. The corporate tax rate is 35 percent What will the value be if the company borrows $229,000 and uses the proceeds to repurchase shares? (Do not round Intermersto calculations and round your answer to the nearest whol Value of the firm S
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The problem describes a debt to be amortized. (Round your answers to the nearest cont.) A man buys a house for $310,000. He makes a $150,000 down payment and amortizes the rest of the purchase price with semiannual payments over the next 12 years. The interest rate on the debt is 8%, compounded semiannually. (a Find the size of each payment. $ (b) Find the total amount paid for the purchase. $ (c) Find the total interest paid over the...