CH13a-PracProbs

This question was asked previously and i was given the wrong answers.  1.82440, 1.82803,1.83495,1.83300 are all incorrect.   Daily Spot Exchange Rate, U.S. Dollars per Pound Sterling                           t Date Rate               1 1-Apr-04 1.8564               2 2-Apr-04 1.8293               3 5-Apr-04 1.8140               4 6-Apr-04 1.8374               5 7-Apr-04 1.8410               6 8-Apr-04 1.8325               7 9-Apr-04 1.8322               8 12-Apr-04 1.8358               9 13-Apr-04 1.8160               10 14-Apr-04 1.7902               11 15-Apr-04 1.7785               12 16-Apr-04 1.8004               13 19-Apr-04 1.8055               14 20-Apr-04 1.7914     15 21-Apr-04 1.7720     16 22-Apr-04 1.7684     17 23-Apr-04 1.7674               18 26-Apr-04 1.7857               19 27-Apr-04 1.7925               20 28-Apr-04 1.7720               21 29-Apr-04 1.7751               22 30-Apr-04 1.7744…

The following bond was quoted in The Wall Street Journal: Bonds Current yield Volume Close Net change NJ 4.125% 35 1.7% 100.875% +1.0625% Five bonds were purchased yesterday, and 5 bonds were purchased today. How much more did the 5 bonds cost today? (Do not round intermediate calculations. Round your answer to the nearest cent.) Increased cost 10.60 < Prev 18 of 18 Nex ...*** ....N .. %24

5. Vincent had these daily balances on his credit card for his last billing period. He did not pay the card in full the previous month, so he will have to pay a finance charge. The APR is 19.2%. 9 days @ $778.12 8 days @ $1,876.00 4 days @ $2,112.50 10 days @ $1,544.31

What is the Hanna Inc.'s total debt ratio at the end of the year? What is the Hanna Inc.'s debt - equity ratio at the end of the year? What is the Hanna Inc.'s equity multiplier at the end of the year? What is the Hanna Inc.'s times - interest - earned ratio at the end of the year? What is the Hanna Inc.'s cash coverage ratio at the end of the year?

Are there factors other than interest rate charged for a loan that the finance manager should consider in predicting future car sales?

5. Martina's employer offers anannual pension benefit calculated by multiplying 2.35% of the career average salary times the number of years employed. Here are Martina's annual salaries over the last 24 years of employment. 28,800 29,300 30,250 31,000 35,500 42,000 45,000 50,000 28,800 29,900 30,350 35,000 35,700 43,000 48,000 52,000 29,210 29,900 30,450 35,000 38,000 43,900 48,800 52,000 a. What is Martina's career average salary? b. What is Martina's annual pension under this plan? c. What percentage of her final annual salary will her annual retirement salary be to the nearest percent? d. What is Martina's monthly pension benefit to the nearest penny?

Lucky Champ owes $191.25 interest on a 6% loan he took out on his March 17 birthday to upgrade an oven in his Irish restaurant, Lucky’s Pub and Grub. The loan is due on August 17. What is the principal (assume ordinary interest)? Required: What is the number of days between the two dates listed below? Note: Use the DATEDIF or DAYS function to calculate the number of days. 3/17/2020 8/17/2020 What is the time? What is the term? Note: Answer should be entered as a numeric value and not a formula. What is the interest paid? Note: Answer should be entered as a numeric value and not a formula. What is the days in the year? Note: Answer should be entered as a numeric value and not a formula. What is the annual simple interest? Note: Answer should be entered as a numeric value and not a formula. What is the principal?

8.

4. A liability insurance policy has a deductible of $100,000, a policy limit of$20,000,000 and co-insurance such that the policyholder pays 20% of theremaining claim. How much does the insurer pay if the loss is: (i) $50,000(ii) $362,000(iii) $20,065,000(iv) $31,400,000

2. a. Arrange the following “orders of operation” in the correct orderb. Describe the order of operation of the PMT function andc. Calculate a payment using the following data: Principal = $15,000; Annual % Rate = 6%; Number of periods = 12 and the Term = 5.a. Addition and Subtraction, Exponents, Parentheses, and Multiplicationb. PMT = (P*APR/n)/(1-(1+APR/n)-nt)c. PMT =

What are the projected market shares for the two brands?

The APR for loans can also be approximated (however, not within the  1 4  of 1% accuracy required by Regulation Z†) by using the following formula: APR =  2mI P(n + 1)   where m  =  the number of payment periods per year I  =  the interest (or finance charge) P  =  the principal (amount financed) n  =  the number of periodic payments to be made. Thus, if  m = 12, I = $264, P = $1200 and n = 30, APR =  2mI P(n + 1)  =  2 × 12 × 264 1200 × 31  = 17%. Use the APR formula to find the APR to one decimal place. (Assume m = 12.) AmountFinanced   FinanceCharge   Number ofPayments $4000   $332   12  %State the difference between the answer obtained by the formula and the answer obtained using the True Annual Interest Rate (APR) table. (Round your answer to one decimal place.) %