If Casper decided to take out a loan that charges 20% APR over one year for the amount of £2000 over 12 months he would expect to pay £183 per month for 12 months with interest of £205. (candid money calculator accessed 28/7/11) If Casper makes the decision to use his credit card and he borrowed £2000 over 2 years at 15% APR his total monthly payments would be £96.08 per month, the interest would calculate to £306 this would be a total repayment of £2306 over 2 years. (candid money calculator accessed 28/7/11) Comparing the ‘loan’ to the credit card loan, Casper would pay his debt back quicker but at nearly double the price of the credit card loan, the advantage the credit card loan has, his monthly installments will be half of what the ‘loan’ but at 2 years rather than 1 year. Question 2 In question 2 of this essay I shall attempt to answer questions on expenditure and budgeting, giving a brief example from the study of the personal finance course book DB123 and the transcript of the dvd accessed on the Open University website.
She also has the possibility of taking an unsecured loan from her own bank of £3000 where the variable APR charged is currently 12 per cent. Panna has also just received a letter from a different bank to apply for a credit card on which the variable interest rate on new purchases for the first four months would be 0 per cent p.a. and would then rise to the normal variable rate (currently the normal rate is 18 per cent p.a.). • Panna could use all her savings to fund the purchase of the furniture outright. State one advantage and one disadvantage of this course of action.
They charge $15 a month for local service + tax with voice mail, call waiting, and caller Id. They also offer unlimited long distance for $20 a month. They charge no late fees for late payments; however, with long distance the bill would total about $50 a month; Both VCI and Qwest offer necessary service to the public, however, their service rates
1.0 points) Three facts about checking account options at Bank of America are 1. You can open one with only a small initial deposit - in most cases around $50. 2. You can open a new account online often in a matter of 15 minutes or less. 3.
We have a 900 000 Bahts expenditure for Capital Investment (chairs, tables, karaoke equipment, etc), so the initial outlay of the project is between 1 700 000 and 2 100 000 Bahts. We will now analyze the incremental cash flows for the project. We have sales revenues of 4 672 000 (32 tables used twice a
Should the company purchase the small technology firm? Use an interest rate of 12%. What is the “breakeven price” of the small technology firm? (Points : 10)\ 2. A bond has a par value of $100,000 and pays interest revenues of $5,000 per year.
Answer Market value per share =$75 Common equity= 6,000,000 Number of share outstanding You must Login to view the entire essay. If you are not a member yet, Sign Up for free! =800,000,000 Market to book ration = $75/(6,000,000/800,000,000) 6,000,000/800,000,000=.75 Market to book ration= 75/.75= 100 3-4 Price/Earnings Ratio A company has an EPS of $1.50, a cash flow per share of $3.00, and a price/cash flow ratio of 8.0. What is its P/E ratio? Answer Price /cash flow ratio= price per share/ cash flow per share Price per share = $8 x $3 = $24 P.E = Price per share / EPS P.E = $24 / 1.5 = 16 3-5 ROE Needham Pharmaceuticals has a profit margin of 3% and an equity multiplier of 2.0.
The computer system cost $12,000 and is normally sold by Shabbona for $15,200. Shabbona uses a perpetual inventory system. 4. Truck #4 has a list price of $14,000. It is acquired in exchange for 1,000 shares of common stock in Shabbona Corporation.
Santos Covarrubias Professor Anders English W 115 4 November 2012 Switch Now Save Money What would you do with an extra $500 dollars? Would go out to eat at a restaurant? Would you go shopping? Well, you can save over $500 dollars switching phone carriers. Phone carriers are like gas for your car, it’s something that at this time you must have, and phone carriers and gas companies can raise the price as high as they want too and you have no choice but to pay for the service.
Contribution limits Individuals are able to contribute money into their Roth IRA account January of the present tax year through April 15 of the succeeding tax year. If the individual is under 50 years of age, they are allowed to contribute there post tax dollars into their Roth IRA with a limit of $5,000. If the individual has multiple providers, they may contribute part to one provider and the rest to the other, but the maximum that can be provide is still $5,000. If the individual is over the age of 50, $5000 is still their