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Q: DAMIPERA Corporation, a lending institution, provided a loan to LAPERA Company for Php5,000,000 on…
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Q: cember 31, 2023. After
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Q: terprise ABC has contracted a credit for the amount of 300 000 zlotys. The credit is to be 5 equal…
A: In this we need to calculate the effective cost of credit.
Q: ABC Company enters into an IRG arrangement with Ch-bank for a 9 months, P800,000 loan starting 3…
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Q: Uncle Ben InC. arranged a P9,000,000 revolving credit agreement with a group of banks. The firm paid…
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Q: XYZ Company has taken out a 5-years instalment loan of AED 100,000 at a nominal interest equal rate…
A: Given: Loan amount in AED 100,000 Nominal interest rate 12% Loan tenure in years 5 Payment…
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A: The investment in GIC earns fixed interest on the investment based on the applicable interest rate…
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A: Given The amount borrowed is Ghc 100,000. The interest for 90 days is Ghc 5,000
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Q: Sydney limited draws a promissory note with a face value of $50 000 and a maturity of 181 days. The…
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Q: Good Deal Bank offers your firm a discount interest loan at 7.75% for up to $25 million and, in…
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Q: Come and Go Bank offers your firm a discount Interest loan with an interest rate of 10 percent for…
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Q: Ghana Company enters into an IRG arrangement with Meterbank for 9 months, P800,000 loan starting 3…
A: IRG means interest rate guarantees. This is an option contract which helps an individual or a firm…
Q: Good Deal Bank offers your firm a discount interest loan at 7.75% for up to $25 million and, in…
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Q: Leroy Inc. signed a 3 year loan for $80,000 with interest rate of 10%. What are the three annual…
A: Introduction: Interest amount = Interest is calculated on Principal amount. Formula = Principal…
Q: determine the lump-sum amount to be paid at the end of the loan period.
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A: Effective annual interest rate formula: effective annual interest rate =1+rnn-1where,r=discount…
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Q: The National Co. has a revolving line of credit of P300,000 with a one-year maturity. The terms call…
A:
Q: Zee Ltd has a 3 million dollar floating rate loan which is re-set every six months. The company…
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Q: Go Debt Bank Limited quotes a 9 percent interest rate on loans for 1 year. You are seeking a loan of…
A: Interest rate that is charged on the loan is the rate of return that is expected by the Bank.…
Q: The National Co. has a revolving line of credit of P300,000 with a one-year maturity. The terms call…
A: Annual cost of financing arrangement = Interest cost 7% on the average loan balance during the year…
G Company enters into an IRG arrangement with M bank for a 9 months, P800,000 loan starting 3 months FROM NOW. The IRG (interest rate guarantee) rate is at 11% and the bank quotes a premium of P4,000.
Compute for the effective interest rate if the actual interest rate 3 months from now is 8%
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- ABC Company enters into an IRG arrangement with Ch-bank for a 9 months, P800,000 loan starting 3 months from now. The IRG rate is at 11% and the bank quotes a premium of P4,000. Compute for the effective interest rate if the actual interest rate 3 months from now is 8% . Show your solution.Ghana Company enters into an IRG arrangement with Meterbank for 9 months, P800,000 loan starting 3 months from now. The IRG rate is at 11% and the bank quotes a premium of P4,000. Compute for the effective interest rate if the actual interest rate 3 months from now is 8%Garantea Company enters into an IRG arrangement with Metrobank for 9 months, P800,000 loan starting 3 months from now. The IRG rate is at 11% and the bank quotes a premium of P4,000. Compute for the effective interest rate if the actual interest rate 3 months from now is 8%
- Ackerman Company enters into an IRG arrangement with Westbank for a 9 months, $800,000 loan starting 3 months from now. The IRG rate is at 11% and the bank quotes a premium of $4,000. REQUIRED: Compute for the effective interest rate if the actual interest rate 3 months from now is 8%.Zenith Bank charges an interest rate of 16.9% per annum on a loan to Samson Ltd. The bank requires borrowers to keep compensating balance (b) on loans of 3% and there is 7% reserve requirement (RR). The bank also charges administration fees of 2.9% of the loan amount per annum. What is the contractually promised rate of return to the bank from the loan? (Instructions: Please round your answer to four decimal places. Please also keep your answer in decimals not percentage terms. e.g. if the answer is 8.157%, enter 0.0816) Answer:Royal Bank charges administration fees of 2.9% of the loan amount per annum. Target Corporation has negotiated an interest rate of 10.5% per annum on a long-term loan the company wants to take from the bank. The compensating balance (b) is 4%, and there is 11% reserve requirement (RR). What is the contractually promised rate of return to the bank from the loan? (Instructions: Please round your answer to 4 decimal places and do not show it in percent. If the answer is 2.5678%, enter 0.0257)
- ABC’s bank offered a loan with conditions of a P5,000,000 face amount, 6-month term, 4% interest deducted in advance and bank charge of P30,000. How much is the simple annual effective rate of the bank loan?Cerise Company would record a note payable of_____, if the terms of the loan with a bank are as follows: Cersie Company would have to make one $102,000 payment in two years. Assume the market interest rate is 10% per year and the company rounds to the nearest dollar. (The present value of $1 for two periods at 10% is 0.82645). a.) $94,498 b.) $84,298 c.) $10,200 d.) $74,098Assume Credins Bank made a €10 million, 1-year discount loan at 7% interest, requiring a compensating balance equal to 10% of the face value of the loan. Determine the effective annual rate associated with this loan. (Note: Assume that the firm currently maintains €0 on deposit in Credins Bank.)
- National Company has a P25,0000 line of credit at a 9% interest rate. The loan agreement requires a 3% compensating balance, which is based on the total amount borrowed, and which will be held in an interest-free account. What is the effective interest rate if the firm borrows P160,000 on the line of credit for one year? 8.67% 9.03% 8.78% 9.28%A LOAN OF P80,000 IS MADE FOR A PERIOD OF 18 MONTHS AT A SIMPLE INTEREST RATE OF 10%. WHAT DUE AT THE END OF THE LOAN PERIOD? O a. P92,100.00 O b. P93,000.00 O c. P92,020.00 O d. P92,000.00Abc Investment Ltd., plans to borrow Ghc100,000 for a 90 day period fromLloyds Finance Company. Abc investment would repay the principal amountplus Ghc5,000 interest at maturity.Determine and calculate the Annual Percentage Rate of the credit to Abc CompanyLtd.