subject
Business, 27.02.2022 05:10 rennytheraccoon

3.61 Antonio Menifee borrowed money from a bank to finance a small fising boat. The bank's terms allowed him to defer parments (inclusing interest) on the loan for six months and to make 36 equal end of month payments thereafter. The orginial bank note was for $16000 with an interest rate of 9% compounded monthly. After 16 monthly payments, Antonio found himself in a financial bind and went to a loan company for assistance in lowering his monthly payments. Fortunately, the loan company offered to pay his debts in one lump sum if he would pay the company $308.29 per month for the next 36 months. What monthly rate of interest is the loan company charging on the transaction

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 21:00
Roi analysis using dupont model. charlie? s furniture store has been in business for several years. the firm? s owners have described the store as a ? high-price, highservice? operation that provides lots of assistance to its customers. margin has averaged a relatively high 32% per year for several years, but turnover has been a relatively low 0.4 based on average total assets of $800,000. a discount furniture store is about to open in the area served by charlie? s, and management is considering lowering prices in order to compete effectively. required: a. calculate current sales and roi for charlie? s furniture store. b. assuming that the new strategy would reduce margin to 20%, and assuming that average total assets would stay the same, calculate the sales that would be required to have the same roi as they currently earned. c. suppose that you presented the results of your analysis in parts a and b of this problem to charlie, and he replied, ? what
Answers: 1
question
Business, 22.06.2019 10:30
Issued to the joint planning and execution community (jpec) initiates the development of coas; it also requests that the supported ccdr submit a commander's estimate of the situation with a recommended coa to resolve the situation (joint force command and staff participation in the joint operation planning and execution system, page 10)
Answers: 2
question
Business, 22.06.2019 11:10
Which of the following is an example of a production quota? a. the government sets an upper limit on the quantity that each dairy farmer can produce. b. the government sets a price floor in the market for dairy products. c. the government sets a lower limit on the quantity that each dairy farmer can produce. d. the government guarantees to buy a specified quantity of dairy products from farmers.
Answers: 2
question
Business, 22.06.2019 19:40
Chang corp. has $375,000 of assets, and it uses only common equity capital (zero debt). its sales for the last year were $595,000, and its net income was $25,000. stockholders recently voted in a new management team that has promised to lower costs and get the return on equity up to 15.0%. what profit margin would the firm need in order to achieve the 15% roe, holding everything else constant? a. 9.45%b. 9.93%c. 10.42%d. 10.94%e. 11.49%
Answers: 2
You know the right answer?
3.61 Antonio Menifee borrowed money from a bank to finance a small fising boat. The bank's terms all...
Questions
question
Mathematics, 16.12.2020 22:10
question
History, 16.12.2020 22:10
question
Mathematics, 16.12.2020 22:10
question
Mathematics, 16.12.2020 22:10
question
Mathematics, 16.12.2020 22:10
question
Mathematics, 16.12.2020 22:10
question
Spanish, 16.12.2020 22:10