The lease contract obligates Sangamon to make five equal annual payments of $30,000 to Bismark that begin immediately after the sale. You may assume that the equipment has a useful life of 8 years at the time of the sale. Required: 1. What is the lessor’s effective rate of return from the lease contract? 2.
Assume that the mortgage will start in December, 2002. The mortgage company is offering you a 6% rate on a 30-year mortgage with no points. If you pay 1.25 points, they are willing to offer you the mortgage at 5.875%. If you pay 2 points, they are willing to offer you the mortgage at 5.75%. a.
If Lee plans to establish the DL Foundation once the fund grows to $1,898,000, how many years until he can establish the foundation? Part A: Table 6-1 Part B: 6% Part C: 11N Part D: 1898000 = 1000000X 1000000 1000000 X = 1.898 Problem 5: James Kirk has just inherited some money from a long lost relative. The inheritance is set up so that James will receive $20,000 per year for the next 25 years starting
Assignment 1: Financial Project Math 104 Dan Burnell Five years ago, I bought a house for $151,000.00 with a down payment of $30,000, which means I took a loan for $121,000.00. My interest rate was 5.75% fixed. I would like to pay more on my loan. I check my bank statement and find the following information: Escrow Payment: $211.13 Principle And Interest Payment: $706.12 Total Payment: $917.25 Current Loan Balance: $112,242.47 I need to explain how much additional money i would need to add to my monthly payment to pay off my loan in 20 years instead of 25 years. If I took 25 years to pay off my loan the monthly Payment would be $761.22 per month.
Saheed Olagunju Homework Wk2 FI515 Chapter 3-1 Days Sales Outstanding Greene Sisters has a DSO of 20 days. The company’s average daily sales are $20,000. What is the level of its accounts receivable? Assume there are 365 days in a year. Answer AR= 20x20000=400,000 3-2 Debt Ratio Vigo Vacations has an equity multiplier of 2.5.
Timothy agrees to pay monthly instalments of R450. The agreement of the loan allows Timothy to start paying these equal monthly instalments from 1 August 2010. 7.2.1 Calculate the total amount owing to the financial institution on 1 July 2010. (2) 7.2.2 How many months will it take Timothy to pay back the loan? (4) 7.2.3 What is the balance of the loan immediately after Timothy has made the 25th payment?
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
If no dividends are paid in a given year, enter "0". Preferred dividends are paid before common dividends. With cumulative preferred dividends, if there are any dividends in arrears, they must be made up before common stockholders receive dividends. 25,000 x 2% x 130 = $65,000 dividends owe to preferred shareholders each year. 1st year 43,500 paid Preferred: 43,500 / 25,000 = $1.74 per share.