Kayla took out an amortized loan of $240,000 with a 5% interest rate. Her monthly payment is $1,288.37. How much will she pay in interest on her first monthly payment? $900 $1.200 $1,150 $1.000
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- Kayla took out an amortized loan of $240,000 with a 5% interest rate. Her monthly payment is $1,288.37. How much will she pay in interest on her first monthly payment? $1.200 $1.150 $1.000 $900Calculate the annuity payment for a loan of $850,000 loan and interest rate at 10%,If you were to add a capital investment of $500,000 and a loan amount for $250,000. Can you provide the statements including those?
- 109 Which of the following loan types may be considered a qualified loan under ability-to-pay rules? A) An interest-only mortgage B) A loan with a balloon payment C) A loan with negative amortization D) A mortgage with an adjustable rateClass book: Fundamentals of Corporate Finance by Brealey, Myers, and Marcus Cost of Capital. Why do financial managers refer to the opportunity cost of capital? How would you find the opportunity cost of capital for a safe investment?You want to buy a new sports car from Muscle Motorsfor $73,000. The contract is in the form of a 60-month annuity due at a 6.45 percentAPR. What will your monthly payment be?
- What is the present value of an annuity of $6,500 per year,with the first cash flow received three years from today and the last one received25 years from today? Use a discount rate of 7 percent.If you have the following information Discounted Cash Flow Year Cash Flow Discounted Cash Flow 0 $ - 22 million 1 $2 million 2 $2 million 3 $8 million 4 $8million 5 $12 million The discount rate is % 5 Calculate the NPVIt is less common to confirm accounts payable at an interim datethan accounts receivable. Explain why
- Margo borrows $1900, agreeing to pay it back with 2% annual interest after 16 months. How much interest will she pay?Round your answer to the nearest cent, if necessary.How is gratuity calculated under the Gratuity Act and are there any maximum limits on the amount?Use the following information to prepare the Juy cash budget for Acco Co. It should show expected cash receipts and cash payments for the month and the cash balance expected on July 31. Question 1 What is net income after taxes? Question 2 What is the amount of total assets? Question 3 What is the amount of retained earnings?