Every two years payment = $6869 (rounded off to the nearest dollar)
Bi annual interest rate = (1.09) 2 -1 = 18.81%
NPER | 10 | |
FV | 0 | |
PV | 30000.00 | |
Rate | 18.81% | |
PMT | 6868.56 | [-pmt(rate, nper, pv,fv)] |
FINA 3001 - Finance Fundamentals Zichen Liu & Save Homework: HW - Chapter 4 Score: 0...
You are thinking about buying a piece of art that costs $50,000. The art dealer is proposing a deal: She will lend you the money, and you will repay the loan by making the same payment every year for the next 10 years. If the interest rate is 4% compounded annually, how much will you have to pay every year ?
Homework: Chapter 5 Homework 13 of 21 (8 complete) HW Score: 33.14.695 of 21 Score: 0 of 1 pt Problem 5-28 (similar to) end of your payments of $7.000 with the first payment to be received your hom now White (Solving for rof an annut You lend a friend $30,000, which your friend wil repay in 6 equat an return does your loan receive The rate of return your loan will receive is (Round to two decimal places)
You are thinking about a piece of art that costs $50,000. The art dealer proposes the following deal: He will lend you the money, and you will repay the loan by making the same payment every three months for the next 20 years (i.e. 80 total payments). If the interest rate is 6% APR with monthly compounding, how much will you have to pay every three months? $1,080.03 $1,027.99 No answer is within $10 of the correct answer $1,101.23 $1,133.42
Homework: Chapter 5 Homework HW Score: Score: 0 of 1 pt Problem 5-10 (similar to) (Soving for in compound interest Yound a friend $14.000, for which your trend will repay you 130 000 The interest rate you are charging your friend is. (Round to two decimal places) the end of 12 years What werest rate are you changing your friend?
Homework: Chapter 7 HW Save Score: 0 of 1 pt 15 of 22 (3 complete) HW Score: 13.64%, 3 of 22 pts Problem 7-5 (similar to) Question Help (Bond valuation) At the beginning of the year, you bought a $1,000 par value corporate bond with an annual coupon rate of 9 percent and a maturity date of 11 years. When you bought the bond, I had an expected yield to maturity of 12 percent. Today the bond sells for $940...
Homework: Chapter 5 Homework Save HW Score: 19.05 %, 4 of 21 pts 7 of 21 (4 complete) Score: 0 of 1 pt Question Help Problem 5-7 (similar to) (Future value) Sales of a new finance book were 16,000 copies this year and were expected to increase by 18 percent per year What are expected sales dunng each of the next 3 years? Graph this sales trend and explain a. If the 16,000 copies of book sales this year were...
Homework: Chapter 7 Homework Save HW Score: 0%,0 of 17 pts Score: 0 of 2 pts 2 of 7 (0 complete) Problem 7-5 (similar to) Question Help (Bond valuation) At the beginning of the year, you bought a $1,000 par value corporate bond with an annual coupon rate of 15 percent and a maturity date of 12 years. When you bought the bond, it had an expected yield to maturity of 11 percent. Today the bond sells for $1,430. a....
Homework: Chapter 6 - Interest Rates & Bond Valuation (HW) Score: 0 of 1 pt 4 4 of 83 complete ► P6-14 (similar to) HW Score: 35.71%, 2.86 of 8 pt Question Help O Aast valuation and rak Personal Finance Problem the o p ted to provide reach of the year and 17300 in 5 years. Her research indicates that she must so Dan what is the most Suppose is betw should pay for the the other een to be...
Homework: Unit 7 Lab Assignment Save HW Score: 0%, 0 of 40 pts Score: 0 of 4 pts 2 of 10 (0 complete) Question Help Problem 4.LO4.14 You are considering the purchase of a BMW MS. You will borrow the money from BMW Financial Services. The terms of the deal are outlined below: BMW MS RWD, 500hp, 0-100 in 4.7s MSRP $110,000 Term 48 months APR 8% Down Payment-So Monthly Payments $2,685.42 The amortized loan payments are a blend of...
Homework: Chapter 5 Homework Save Score: 0 of 2 pts 12 of 18 (5 complete) HW Score: 12.5%, 45 of 36 pts Problem 5-38 (similar to) Question Help (Compound interest with nonannual periods) a. Calculate the future sum of $5,000, given that it will be held in the bank for 5 years at an APR of 5 percent. b. Recalculate part (a) using compounding periods that are (1) semiannual and (2) bimonthly (every two months). c. Recalculate parts (a) and...