Question

In: Finance

Recreate the above table in your own version of excel. At a rate of 4.5%p.a compounding...

Recreate the above table in your own version of excel. At a rate of 4.5%p.a compounding monthly, to repay the loan you see that 51 full repayments of $9,000 are required in addition to a smaller final repayment. If the interest rate is changed to 14.9% p.a. compounding monthly, how many full repayments of $9,000 will be required to repay the loan? (answer by rounding down to whole numbers to reflect full repayments eg 51)

Solutions

Expert Solution

jeff jeffy answered 1 year ago
Next > < Previous

Related Solutions

Wan purchased a 7-year Treasury bond with a coupon rate of j2 = 4.5% p.a. and...
Wan purchased a 7-year Treasury bond with a coupon rate of j2 = 4.5% p.a. and a face value of $100 that matures at par and is subject to a 30% tax on interest and capital gain. The purchase price was $94.230. a. Use the approximate bond yield formula to estimate the net yield rate. Give your answer in j2 form, rounded to 3 decimal places. b. Use linear interpolation to calculate the net yield rate. Give your answer in...
Throughout this question, assume annual interest rate is 4.5% with monthly compounding. You are a loan...
Throughout this question, assume annual interest rate is 4.5% with monthly compounding. You are a loan officer in the mortgage department of a local bank. A customer, who has a successful job, walks in and applies for a $600,000 loan to buy a starter home in NYC. The standard terms your bank have been offering to previous customers are as followed: Contract A: a 15-year fixed rate loan, with an annual rate of 4.5% and with fixed monthly installment Contract...
Throughout this question, assume annual interest rate is 4.5% with monthly compounding. You are a loan...
Throughout this question, assume annual interest rate is 4.5% with monthly compounding. You are a loan officer in the mortgage department of a local bank. A customer, who is also a Stevens alum, walks in and applies for a $600,000 loan to buy a starter home in Hoboken. The standard terms your bank have been offering to previous customers are as followed, Contract A: a 15-year fixed rate loan, with an annual rate of 4.5% and with fixed monthly installment....
What is the effective rate of interest per semi-annual period equivalent to 8% p.a. compounding annually?
What is the effective rate of interest per semi-annual period equivalent to 8% p.a. compounding annually?
On your own version, explain the motivations behind options hedging.
On your own version, explain the motivations behind options hedging. Expand your explanation through various types of options hedging strategies that are available to reduce options hedging costs while able to maximize profit. (limit your answer to be within 500 words)
This chart isn't available in your version of Excel. Editing this shape or saving this workbook...
This chart isn't available in your version of Excel. Editing this shape or saving this workbook into a different file format will permanently break the chart. How i can solve this problem on excel ??
Write your own version of a class template that will create a static stack of any...
Write your own version of a class template that will create a static stack of any data type. Demonstrate the class with a driver program. please make a version to copy.
Compounding and discounting are different sides of the “time value of money” coin. In your own...
Compounding and discounting are different sides of the “time value of money” coin. In your own words, explain both concepts, and give practical examples of each.
The TIPS bond has an annual coupon rate of 4.5%. The table below shows the history...
The TIPS bond has an annual coupon rate of 4.5%. The table below shows the history of inflation rates for the first three years of the bond’s life. Time Inflation for Yr Just Ended Par Value 0 $1,000 1 3% 2 4% 3 3% a. What was the nominal return in year 2? b. What was the real return in year 2? c. What was the nominal return in year 3? d. What was the real return in year 3?
You own a convertible bond that has a 6% yield, 4.5% coupon rate, pays semiannually, and...
You own a convertible bond that has a 6% yield, 4.5% coupon rate, pays semiannually, and has 3 years to maturity. The conversion rate is 8. The current stock price is 127.3. Calculate your gain or loss if you decide to convert. Answer is 59.03 Please show steps. - no excel
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT