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In: Finance
You recently negotiated with Davivienda the refinancing of all your debts that total 43.000.000 pesos. Davivienda...
You recently negotiated with Davivienda the refinancing of all your debts that total 43.000.000 pesos. Davivienda charge a “special” rate of 28% (annual rate with annual capitalization of interest, a.c.a) and you agree to cancel the total debt in 3 years with 36 monthly payments of X pesos. At the same time, the Workers’ Union where you work announce an offer to cancel all your debt with any financial institutions, with a loan to be paid in 3 years at 10.4% (a.c.a) with 12 quarterly payments of Y pesos. What is the approximately yearly saving if you get the deal with the Union? (Hint: calculate the present value of all the payments made in one year for both plans.)
A. $9.7 Million
B. $8.1 Million
C. $4.0 Million
D. $2.2 Million
Solutions
jeff jeffy answered 2 years agoRelated Solutions
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of several assets from a company that was going out of business.
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March 11, 2018, at a total cash price of $1,575,000. The purchase
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